Scope of issue from the ifrs

Assignment Help Accounting Standards

Reference no: EM131239

You are accountant working in a company with limited liability (WLL), one of your partners (A) will withdraw from company. One of the existing partner (B) of the company will buy his share. The amount which will be paid for the partner A will be more than his capital.

Is it possible to record the excess amount as a goodwill?

Please give suggestion and the scope of this issue from the International Financial Reporting Standard (IFRS)or (IAS).

Reference no: EM131239

Questions Cloud

Management function and behaviour : What are the various methods of inventory valuation? Explain the effect of inventory valuation methods on profit during inflation. What are the provisions of Accounting Standard 2 (AS-2) with regards to inventory valuation?

Ssh or openssh server services : Write about SSH or OpenSSH server services discussion questions

Write reflective journal entries : Write reflective journal entries on any topic/concept related to elements of strategy.

Auditing and assurance : Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

Scope of issue from the ifrs : Please give suggestion and the scope of this issue from the International Financial Reporting Standard.

Dilmah ceylon tea: market development in australia : Dilmah Ceylon Tea: Market Development in Australia.

Questions based on international business : Questions based on International Business

Solve the linear model : Select five values for x to plug into the linear function, P(x)=10x-7 and prepare a table of values

Quantitative analysis : A busy landscaping supplies company sells wood chips for garden mulch. The mulch is sold by the cubic metre and delivered to households in a small truck.

User Account

All Pages