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Commerce · Q995

Accounting

Graduate and Post Graduate · Commerce · question 995

Q995

Goodwill arising on amalgamation is to be

A.
retained in the books of the transferee company
B.
amortised to income on a systematic basis normally five years
Answer
C.
adjusted against reserves or profit and loss account balance
D.
all of the above

Answer: Option B

Solution

Answer: Option B
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