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What is the entry for Good will payment? (received money
for Good will)

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What is the entry for Good will payment? (received money for Good will)..

Answer / narayan jee

bank a/c................Dr.
to goodwill a/c

Is This Answer Correct ?    6 Yes 2 No

What is the entry for Good will payment? (received money for Good will)..

Answer / sangeethag

If not recognized Good will as asset before the payment entry
to be recorded as follows:

Bank Dr. *****
To Goodwill (Income P&L) *****

Is This Answer Correct ?    4 Yes 1 No

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