Question

Explain treatment of Goodwill as per accounting standard 10.​

Answer 1

⭐✨✨✨Good morning✨✨✨⭐

Answer 2

Internally generated goodwill, not being a diagnosable resource that might be controlled by the enterprise and that can be measured at value, should not be treated as an associate plus.

Explanation:

• According to the principle (AS)- 26:

• Internally generated goodwill, not being a diagnosable resource that might be controlled by the enterprise and that can be measured at value, should not be treated as an associate plus.
• Difference between the market worth of associate enterp[rise and therefore the carrying quantity of its internet diagnosable assets is also thanks to several factors. Such differences will not be thought-about to represent the value of intangible assets contolled by the enterprise. Hence it will not be shown as goodwill.