Why do we have to write off Goodwill immediately after it is raised?
Dear Student,
we have to write off Goodwill immediately after it is raised as it is self-generated it cannot be shown in the balance sheet as per As 26. It will be written off by continuing partners in new ratio.
Regards.
we have to write off Goodwill immediately after it is raised as it is self-generated it cannot be shown in the balance sheet as per As 26. It will be written off by continuing partners in new ratio.
Regards.