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In intangible assest, patents ,trade marks,copy rights we
can feel or some thing can be done but what about goodwill?
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Answer Posted / s.srinu
Good will is the intangible asset
Means Brand & name of the company
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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