Goodwill appears in the books of a business only if it ha...
Goodwill appears in the books of a business only if it has been
Purchased at a certain price
Raised in connection with the admission of a new partner
Raised to account for the true value of a business on the death of a partner
Raised in order to prevent the balance sheet showing that the business is insolvent
Correct answer is B
No explanation has been provided for this answer.
Opening stock Purchases Sales Closing Stocks ₦ 20,000 70,...
A trial balance is a proof of ...
Rent is apportioned each department on the basis of ...
A balance of N102 on waged account was transferred as N120. This is error of ...
One of the purposes of maintaining the account of a branch at the head office is to? ...
A component of an overhead manufacturing cost is? ...
Computer memory sizes are measured in ...
........................1/7/2005............30/6/2006 Drawings......................................