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sir,
negetive goodwill post to profit or loss statement at credit side. Is this negetive goodwill increase or decrease profit?Thank you sir. And you are right it was about subsidiary .
I have an another question, what the impect in profit and loss statement if negative goodwill arise?Because the balanceing payment of a year have to pay within the following tax year . Therefore following tax year for 2015-16 is 2016-17 and due date on 31 January 2017, which already passed in year ended 5 March 2017. So that’s why you can’t amend or reduce it. Hope you can understand it now.
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