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Accounting Treatment of Goodwill Under Different Situations

The various ways of treating goodwill in the books of the firm at the time of admission of the new partner are as follows:

  • Share of goodwill brought by the new partner in cash
  • Share of goodwill brought by the new partner in kind
  • Nothing is brought by the new partner as his share of goodwill
  • Share of goodwill brought by the new partner in cash, but only a portion and not as a whole
  • Hidden goodwill





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