Quote:
Originally Posted by seher bano
Can somebody(if knows exactly) tell me what should have been the treatment with Good will and coal and gases in this question. I don,t know but I have included these head in Balance sheet assets side. was it so?
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1.Goodwill is an asset ans should been placed on debit side of the balance sheet
2.Coal & gases are expenses and should not have been placed on asset side of the balance sheet.