Accounting · Amalgamation and Accounting Standards
Under AS-14 (Accounting for Amalgamations), goodwill arising on amalgamation in the nature of purchase should be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1retained permanently in the books of the transferor company
- 2transferred to capital reserve in the books of the transferee company
- 3adjusted immediately against reserves or profit and loss account balance
- 4amortised on a systematic basis, normally over a period not exceeding five years✓
Correct answer
amortised on a systematic basis, normally over a period not exceeding five years
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