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Match items given in List I with those in List II List I (Types of Goodwill) List II (Treatment to be done) 1) Existing …

Q1

Match items given in List I with those in List II

List I (Types of Goodwill) List II (Treatment to be done)
1) Existing Goodwill a) No Entry Passed
2) Goodwill Premium b) Inferred from the capital arrangement.
3) Goodwill paid privately. c) Written off
4) Hidden goodwill d) Credited to the sacrificing partner.
a

1(a), 2(b), 3(c), 4(d)

b

1(a), 2(c), 3(b), 4(d)

c

1(a), 2(b), 3(d), 4(c)

d

1(c), 2(d), 3(a), 4(b)

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