A guy buys a grocers shop stock £2000 and goodwill £50000.he wants to trade for 5 years and then sell the goodwill n business for £50000. He just wants his money back. I would debit goodwill and credit his capital account. I would keep the goodwill figure in the accounts to cessation and disposal. I understand the buyer will see what the seller paid for the business. Is this usual procedure.
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After 50 years as an accountant, you should not have to ask that question.
Stop wasting folks' time.