in which side does goodwill belong to in trilbalance
?

Commerce Question

3 Answers
Priyanshu Tiwari answered Jan 10, 2020
Record the assets being acquired at their fair market values as debits, the liabilities being assumed as credits, the Cash account at the purchase price as a credit, and the Goodwill account for the difference as a debit.

Anil Pastor answered Jan 09, 2020
It is asset

Rishita Jain answered Jan 10, 2020
Debit side because it is asset for our business

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