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Where is goodwill placed under realization account, is it liabilities or assets?

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Question ajoutée par Precious Hills
Date de publication: 2018/09/01
Muhammad Hashim Khan
par Muhammad Hashim Khan , Finance Manager & Company Secretary , DHA Cogen Limited

Goodwill is intangile assets and it places on asset side

Ronaliza Fang
par Ronaliza Fang , Cash Office Supervisor , The Sultan Center

The main purpose to open Realisation Account is to ascertain the profit or loss due to the realisation of assets and liabilities. Realisation profit (if credit side > debit side) or realisation loss (if debit side > credit side) are transferred to the Partner's Capital Account in their profit sharing ratio

It places in Balance sheet . it is an assets 

Ahmed Albhery
par Ahmed Albhery , محاسب عام , شركه الفلاح لتاجير السيارات

The assets are considered intangible in the debtor side of the budget

Syed Aally Tayyab Syed Aally
par Syed Aally Tayyab Syed Aally , Finance Coordinator , Mercy Corps

It placed under the head of asset, it is un intangible assets

Purna Kar
par Purna Kar , Assistant General Manager , Hindalco Industries Limited

Under realization account goodwill can be placed as asset.

Ciril Kamal
par Ciril Kamal , Chief Accountant , Logtech Infoway Pvt. Ltd.

Goodwill is an intangile asset, it must shown in the Financial Statement on the Assets side.

Mahmoud Samir Elmahdy
par Mahmoud Samir Elmahdy , Chief Accountant , Dome National Co. General trading

Goodwill is Intangible asset it must shown in assets side .

Rohit Agarwal
par Rohit Agarwal , Senior Executive Finance , M/s. Lava International Limited

Goodwill is Intangible asset that is shown on asset side of balance sheet. 

In case of dissolution, when realisation account is prepared then all the goodwill that is shown in balance sheet will be  transferred to debit side of realisation account because all asset that are shown in balance sheet is transferred to debit side of realisation account and all the liabilities that are shown in balance sheet is to be transferred to credit side of realisation account.

vinodh marshall
par vinodh marshall , Program Coordinator , SURABI (Project Development office for Don Bosco Salesian Province of chennai)

Goodwill will be located in the assets side

Mohammed  Alabas
par Mohammed Alabas , Accounting Supervisor , Saudi Can Co. Ltd.

Goodwill an asset and should be placed on assets side.

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