Goodwill is not accounted in the books if

Anurag Pathak
April 18, 2023
[CBSE] TS Grewal Solutions, Accountancy Class 12th, Goodwill, MCQs (Goodwill)

Anurag Pathak28.35K April 18, 2023 0 Comments

Goodwill is not accounted in the books if

a) It is a Purchased Goodwill

b) It is a self-generated Goodwill

c) It is decided to be accounted by the partners

d) Its amount is paid by the gaining partner.

Anurag Pathak Changed status to publish April 18, 2023

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Anurag Pathak28.35K Posted April 18, 2023 0 Comments

Ans – b)

Explanation:-

As per the AS – 26, Self-generated goodwill is not recorded in the books as no consideration is paid against it.

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Goodwill is not accounted in the books if

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Anurag Pathak

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