As per AS 26 only _____will be recorded in books of account .

hidden goodwill

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full goodwill

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purchased goodwill

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all of the above

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Solution

The correct option is C purchased goodwill
As per 26 only purchase goodwill will be recorded in book of accounts When goodwill is purchase by the firm in a consideration in cash or kinds of cash it shown in the balance sheet

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Which of the following can be recorded in the books of account as per money measurement concept in accounting?

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