20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

estimated and valued goodwill difference

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
July 5, 2020 at 1:53 am #576017
beticopper
Participant
- Topics: 69
- Replies: 13
do we only give goodwill to a retiring partner if it is valued and not estimated?
what is the difference between valued and estimated goodwill?
how do we use them in our accounts?
July 5, 2020 at 10:12 am #576038
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10534
All goodwill in a partnership is estimated. Valuation is based on estimation as is the amount of goodwill agreed by the partners.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.