Identify the type of Goodwill that is to be recorded in accounts book…

NCERT (2026-27 edition):
Applicability of Accounting Standard 26: Intangible Assets – “… Accounting Standard 26 implies that: (a) Purchased goodwill may be accounted for in the books and shown as an asset, where it is accounted for in the books and shown as assets, it should be written off as early as possible, but where it is to be written- off in more than one accounting year, it should be written off in a period not exceeding 10 years. In line with what is prescribed by the Accounting Standard, goodwill appearing in the balance sheet in written off at the time of firm's reconstitution. (b) Self - generated goodwill is not accounted for in the books and shown as an asset.”