Goodwill

Descrição

Level 3 AAT AAT Level 3 (Sole Traders and Partnerships ) FlashCards sobre Goodwill , criado por claire.harrison em 03-03-2015.
claire.harrison
FlashCards por claire.harrison, atualizado more than 1 year ago
claire.harrison
Criado por claire.harrison mais de 9 anos atrás
32
2

Resumo de Recurso

Questão Responda
Goodwill Non-Current Asset Extra Value of the Business on top of Assets (Reputation)
Goodwill (Partner Joining) DR Goodwill CR Capital Accounts (Shared on old ratio) DR Bank CR New Capital Account CR Goodwill DR Capital Accounts (Shared on new ratio) Re-Balance Capital Account
Goodwill (Partner Leaving) Transfer Current Account to Capital (Double Entry dependant on balance of Current Account) DR Goodwill CR Capital (Shared on old ratio) CR Goodwill DR Capital (Shared on new ratio) If Payment made to leaving partner CR Bank DR Capital If Payment cannot be made, amount written off as a loan: CR Loan DR Capital Balance off Capital Accounts (Leaving partners should be equal at both sides so written off )

Semelhante

Goodwill Example
claire.harrison
F0-Syllabus
Mary Geraldin
The Advantages and Disadvantages of Sole traders and Partnerships
Jaiden Butch
IGCSE Business - Types of Business
Michelle Parker
Financial Statements Flashcards
claire.harrison
Advanced bookkeeping week 2, recap chapters 1 - 4
ross young
Inventory Costs
claire.harrison
Apportionment
claire.harrison
Labour Costs
claire.harrison
Goodwill Example
Francois Erasmus
Ethics
ross young