Goodwill appears in the books of a business only if it ha...
Goodwill appears in the books of a business only if it has been
Purchased at a certain price
Raised in connection with the admission of a new partner
Raised to account for the true value of a business on the death of a partner
Raised in order to prevent the balance sheet showing that the business is insolvent
Correct answer is B
No explanation has been provided for this answer.
Purchase of goods for N1,000 from chukwu had been entered in Chukwura's account. This is an erro...
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