The double entry in the books to write off goodwill is

Accounts - Principles of Accounts WAEC 2007

The double entry in the books to write off goodwill is

  • debit Goodwill account, credit capital account
  • debit Goodwill account, credit revaluation account
  • debit profit and loss appropriation account, credit Goodwill account checkmark
  • debit Trading account, credit Goodwill account

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment