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.

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

Data attributes for every entity, Make a new information system for this co...

Make a new information system for this company. Your solution should contain the following items: 1.  An overview of the primary features of the new system, describing why this

Trading account, Trading account is ready to ascertain the Gross Profit and...

Trading account is ready to ascertain the Gross Profit and Loss of a firm; here Gross Profit is the excess of total revenue over cost of goods sold as the credit side of the tradin

Accounts, Define Accounting. Briefly explain the accounting concepts which ...

Define Accounting. Briefly explain the accounting concepts which guide the accountant at the recording stage.

Financial Reporting, This is a 2,000 words assignment. There is list of 5 q...

This is a 2,000 words assignment. There is list of 5 questions. I would love to get it done in 3 days. Could you please let me know whether you are capable of getting it done. Than

Attempts towards standardisation, Standardization in UK and USA: although ...

Standardization in UK and USA: although the Institute of Chartered Accountants in England and Wales began creating recommendations as 1942, real progress started along with the es

Accounting principle, A company values its loose tools for inclusion in its...

A company values its loose tools for inclusion in its balance sheet. The tools are not extremely valuable and the company uses estimating while valuing them. Which type of accou

Balance sheet, Balance sheet is related along with reporting the financial ...

Balance sheet is related along with reporting the financial position of an entity on a specific point in time. Such position is conveyed in terms of listing all the things of value

Advance accounting, journal entry and balance sheet for acquisition

journal entry and balance sheet for acquisition

Net sales, This includes both cash and credit sales of goods. From this dem...

This includes both cash and credit sales of goods. From this demonstration of total sales, sales return also termed as Returns Inward, if any then is deducted in the inner column a

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