Board Question Paper : July 2019 — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : July 20191 Mark
Question
State provision for the goodwill as per accounting standard$-26.$
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Answer
As per $AS-26$ goodwill should be shown as an asset in the books only when some consideration is paid for goodwill. Internally generated goodwill should be shown iin the books of Account.
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