Start learning →

Goodwill can be recognised in the books only through what?

AAdvertising expenditure
BA business acquisition
CInternal brand building
DA new rights issue
Answer & Solution
Correct answer: B. A business acquisition
Internally generated goodwill is not recorded; it arises only when a business is purchased.
Practise this question with Quill — CA Final →

Keep practising Consolidated Financial Statement

Browse all Consolidated Financial Statement questions for CA Final, or explore more Auditing topics.

Start a Consolidated Financial Statement lesson →
Related questions