Answer Posted / seswarca
good will represent the value of the business as it differ from books
in books shown only actual cost where as present market rate is different
take example of land
this goodwill arises in admission of partner or amalgamation or takeover
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
what role did you play in collections?
What is vendor?
which subsidiary book is source of these:debit note,credit slip,
"Trial Balance is not a comclusive proof of the accuracy of the books of accounts." Explain this statement and describe the errors which are not disclosed inspite of the agreement of trial balance.
Account for letter of credit in the books?
What is the difference between consigner and consignee?
Tell me what do we mean by purchase return in accounting?
using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts
What is an interlocking accounting system?
Financial Accounting
Do you know public accounting?
Wo kya cheez hai jo sal me 1bar mahine me 2 bar aur hafte me 4 bar aur din me 6 bar ata hai?
What is Capital Commitments means?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
Explain the concept of responsibility accounting