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When is it generally not considered appropriate to keep goodwill account permanently in the books?

Answer and explanation

Correct answer: When only admission adjustment is needed

On admission goodwill is adjusted mainly for compensation. In many questions it is raised and immediately written off.

Related tags

Goodwill AccountAdjustmentConceptGoodwill AccountingReconstitution Admission Of A PartnerAccountancyClass 12 Mcq

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