What is meant by “Hidden Goodwill”? (C.B.S.E. 2017, Comptt.) Post category:Accountancy Reading time:1 mins read SOLUTION When the value of goodwill of the firm is not given but has to be inferred on the basis of net worth of the firm, it is called hidden goodwill. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostUnder what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account? Next PostWhy should a new partner contribute towards goodwill on his admission? (C.B.S.E. 2017, Comptt.) You Might Also Like Give one transaction which may result into outflow of cash and one which may result into no flow of cash. October 6, 2022 What is the advantage of Comparative Balance Sheet? October 1, 2022 Amrit Ltd. was promoted by Amrit and Bhaskar with an authorised capital of Rs. 10,00,000 divide into 1,00,000 shares of Rs. 10 each. The company decided to issue 1,000, 6% Debentures of Rs. 100 each to Amrit and Bhaskar each for their services in incorporating the company. Pass journal entry July 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Give one transaction which may result into outflow of cash and one which may result into no flow of cash. October 6, 2022
Amrit Ltd. was promoted by Amrit and Bhaskar with an authorised capital of Rs. 10,00,000 divide into 1,00,000 shares of Rs. 10 each. The company decided to issue 1,000, 6% Debentures of Rs. 100 each to Amrit and Bhaskar each for their services in incorporating the company. Pass journal entry July 16, 2022