Question

Expenses of liquidation of
transferor company may be shown
as Reimbursement in transferors
company book if the expenses are
agreed to pay by​

Answer 1

Explanation:

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Answer 2

Answer:

Goodwill account

Explanation:

• If the buying firm is needed to cover the costs of the seller company's liquidation, the money should be deducted from the goodwill or capital reserve account, as appropriate.
• The following is the journal entry for the liquidation costs covered by the transferee company:

Capital/Goodwill reserve A/c               Dr.

To Cash a/c,,

• The transferring company's payment of liquidation costs is deducted from the Goodwill account.
• An intangible asset known as goodwill is connected to the acquisition of one business by another. The percentage of the purchase price that is greater than the total net fair value of all the assets acquired in the acquisition than the sum of the liabilities absorbed throughout the transaction is known as goodwill. Some of the factors that contribute to goodwill include the value of a company's brand name, strong client base, positive customer and employee interactions, and unique technology.

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