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.

Standard error of the mean, To finish  this scenario, use the Sample Size E...

To finish  this scenario, use the Sample Size Estimator Sheets A, B of this file. In the previous years of the twenty-first century, annual salaries for federal employees in the

Accounting standards, Within today's international business environment, th...

Within today's international business environment, there has been a great deal of discussion about the convergence of United States accounting standards (also known as GAAP), with

Wise Owls, Wise Owls, an NFPO, began operations at the beginning of 20X1 to...

Wise Owls, an NFPO, began operations at the beginning of 20X1 to provide free tutoring and homework assistance, as well as a nutrition program, to low-income immigrant children. T

Accounting information, explain how accounting information may be used when...

explain how accounting information may be used when an owner wants to justify a price in one of their lines of house paint

The generation of accounting standard, This time of year we all here about ...

This time of year we all here about football. For me it is the bad news of how poorly the Buffalo Bills are performing. Hopefully your favorite team is doing well. One thing we all

Accounting process, In previous section you learnt about the accounting inv...

In previous section you learnt about the accounting involves four stages: (i)  recording the transactions, (ii)  classifying-the transactions, (iii) summarising  the trans

Ratio measures a business'' average payment period, Which ratio measures a ...

Which ratio measures a business' average payment period? A.  current ratio   B.  liquid ratio C.  trade payables turnover   D.  trade receivables turnover

Closing stock, The Opening Stock of goods is the stock of goods in hand at ...

The Opening Stock of goods is the stock of goods in hand at the start of an accounting year. It may contain stock of raw material, work-in-progress and finished goods. It appears i

Gaap and ifrs, how much does a paper costs regarding differences and simili...

how much does a paper costs regarding differences and similiarities of gaap and ifrs for 4 companies

Payable.., how many tipe of accounts

how many tipe of accounts

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