Question

As per the Accounting Standard-26 _______ goodwill cannot be shown in books.

A) Good will for which some amount is paid for consideration
B) Internally generated
C) [a] and [B] both
D] Neither of (a) and [b]​

Answer 1

Answer:

c) both of them

Explanation:

hope it helped you

Answer 2

The correct answer is OPTION A: Goodwill for which some amount is paid for consideration.

• Purchased goodwill is the difference between the price paid for a company as a going concern and the total value of its assets minus the total value of its liabilities, each of which has been identified and appraised separately.
• The value of goodwill encompasses anything of long-term value to the business that hasn't been designated as an asset, as well as the value of the fact that the group of assets is employed together rather than as a collection of detachable assets.