What is the goodwill, how it will be calculeted.can
Goodwill posted on laibiltes side Balance sheet.
Answer Posted / kazi
Goodwill is an untuchable Assets and is the reputation of
the company. It is always posted in Assets side
we can calculate it over years average profit.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
how many types excise audits and when they are applicable to firm
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
is we can prepare any account for partnership in tally
Tell me about an invoice discrepancy you discovered and how you resolved it
What is the difference between inactive accounts and dormant account?
What does the financial statement of the company include?
Key difference between indian accounting standards and international accounting standards is.
What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?
why are accounting firms needed?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Why company issue shares at discount as its a loss ?
we are a trading company providing devices and some times after sales service. when any defect came we just replace the hardware from another defective device and getting the payment from the customer. how can we account that? is there any tax implications for this?
1.recivable and payble 2.pf,tds,esi
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?