[rooparao81]

Dear Sir,

I had a question on goodwill.

When the parent company pays for the goodwill on acquisition, it would mean that it is a purchased goodwill , then why does it not appear in parent company’s individual Balance sheet as a separate item. It is clubbed in the gross amount as in investment in subsidiary.

It is only in consolidation that goodwill is shown as a separate item.

Thanks,

[rooparao81]

Dear Sir,

I had a question with regards to profit on disposal of asset.

If the profits were credited to Income statement then the debit effect should be reflected in asset account.

Why the same has not been debited before arriving at the total acquisitions made during the year.

Thanks & Regards,

[Author]

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