goodwill., Accounting Standards

Assignment Help:
Dear Sir,

I am an accountant working in a company with limited liability (WLL), one of the partners (A) will withdraw from our 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 me your suggestion and the scope of this issue from the International Financial Reporting Standard (IFRS)or (IAS).
Best regards

Related Discussions:- goodwill.

Trading account, Organize the Trading Account from the subsequent details: ...

Organize the Trading Account from the subsequent details: Office Rent Rs. 5,000;Purchases Rs. 80,100; Opening stock Rs.25, 000; Stock at the end Rs. 15,000; Carriage Inward Rs.

Net purchases, These comprise goods purchased only for production and selli...

These comprise goods purchased only for production and selling purposes. Goods utilized as assets and not for sale are not comprised in this head. Net purchase is the dissimilarity

Transactions relating to goods, The term goods refer to articles that are t...

The term goods refer to articles that are traded through the firm   articles bought for resale. For illustration, for book seller, books are goods, for an electrical store fans, fo

Accounting education change commission, Q. Accounting Education Change Comm...

Q. Accounting Education Change Commission? Accountants in practice as well as business executives have generally been dissatisfied with accounting graduates' capability to thin

Advance accounting, journal entry and balance sheet for acquisition

journal entry and balance sheet for acquisition

Borrowing Costs, Applicaion of Specific And General Loan

Applicaion of Specific And General Loan

American women''s society of certified public accountants - a, It is a nati...

It is a national organization of female Certified Public Accountants (CPAs) in America. The AWSCPA was established to encourage the interests of female CPAs in America by diverse

Accounts receivable, These are amounts owed to the company through debtors....

These are amounts owed to the company through debtors. This is the purpose why we also utilize the term sundry debtors to indicate the amounts owed to the firm. This signifies amou

Accounting presentation, Hello, I have a presentation about an assigned ca...

Hello, I have a presentation about an assigned case study from the book and i also have the solution manual. I am extremely busy till the day of my presentation and my english lan

American accounting association, Consisting mainly of accounting educators ...

Consisting mainly of accounting educators the American Accounting Association (AAA) has sought to encourage research and study at a theoretical level into the concepts or standards

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd