Accountancy, asked by naikraj003, 3 months ago

Where does debit balance of Goodwill go in balance sheet?

Answers

Answered by shrutikapadi2021

Explanation:

Goodwill is a type of an intangible fixed asset which is shown in the balance sheet under the fixed assets. Such an item will always show a debit balance as it is an asset for the business entity.

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