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

Question

Muhammad Hashim Khan · Answer

Goodwill is intangile assets and it places on asset side

Ronaliza Fang · Answer

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

MD IBRAHIM KHALIL IBRAHIM · Answer

It places in Balance sheet . it is an assets

Ahmed Albhery · Answer

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

Syed Aally Tayyab Syed Aally · Answer

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

Purna Kar · Answer

Under realization account goodwill can be placed as asset.

Ciril Kamal · Answer

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

Mahmoud Samir Elmahdy · Answer

Goodwill is Intangible asset it must shown in assets side .

Rohit Agarwal · Answer

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 · Answer

Goodwill will be located in the assets side

Mohammed Alabas · Answer

Goodwill an asset and should be placed on assets side.

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

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