Management Accounting Test Questions

Q.  Which of the following statement is true?

A) If the amount of good will increases during current year, the difference is treated as purchase of goodwill.
B) If the amount of good will decreases during current year, It will treated as written off.

a. Only A
b. Only B
c. Both A and B
d. None of the above

ANSWER: See Answer
No explanation is available for this question!