How is the accounting registry of goodwill payments made? (In Turkey)
In a place that is planned to be Organized Industrial Zone, our company has a plot as shares. As a result of the allocation of the relevant cooperative, a payment was made to our company under the name of goodwill. How should the accounting registry of this payment be made?
An invoice with the VAT will be issued for the amount of goodwill you received and will be stated as income to the account 649.
Source: İSMMMO
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