State 'True' Or 'False' If the Goodwill Account Raised Up, Goodwill Account is Debited. - Book Keeping and Accountancy
State 'True' or 'False'
If the goodwill account raised up, goodwill account is debited.
Explanation: If the goodwill account is raised, then goodwill or premium account is credited, whereas, cash/ bank account is debited if the amount is brought in cash.
Is there an error in this question or solution?
why create a profile on Shaalaa.com?
1. Inform you about time table of exam.
2. Inform you about new question papers.
3. New video tutorials information.