Answer / md abdul aziz.

Good will is a prestige and equity premium earned by a
businessfirm from its quality service and management.The
equity premium(good will) of a business can be calculated
as G = AV/RV x 100.

where G = goodwill
AV= Assumed Value
RV= Real Value.
when, G>1 it is good will.
G<1 it is bad will.
G=1 it is break even.
Good will is an intangible asset of a business concern
expressed in accounting figure and maintained in a
prestigeios manner. Md Abdul Aziz.

Answer / muzira george

q




w
goodwill is the intangible asset of abusiness which is not included on the balance sheet . and it can be acquired either by puchasing it or copany making it itself.

Answer / satishgoud

GOOD WILL THE VALUE OF THE REPUTATION OF THE COMPANY. IT IS A INTANGIBLE ASSETS . IT DIFFERENCE BETWEEN THE SALE PRICE OF A COMPANY AND VALUE OF ITS TANGIBLE ASSETS

Answer / narayan

Types of goodwill...
1. Dog goodwill
2. Cat goodwill
3. Rat goodwill

Answer / stanzin

Goodwill is the value of reputation of a firm based on its profit earning capacity. It is fixed but intangible asset of the firn.

Answer / amit

good will is intangibal asset which is the reputation of
firm or company.
googwill is recorded under the head of fixed
asset in balance sheet.

Answer / preamkumar

"god will is the cuurent value of expected future income in excess of a normal return on investment in the net tangible assets"
goodwill is the reputation nad it is a intangible asset
it is of two types:
1.purchased goodwill
2.non-purchased or self generated goodwill

Answer / deepali

goodwill is an asset.
The value of reputation of the business
it is fanicial account releted to person for ex- machinery,
motar car building etc

Answer / santosh

cash is given when new partner is coming to company.because of
campany good positions

Answer / sunil

(Please ignor some grammer mistake, becuase i have no good
command on english lenguage)

Ans. Goods means comodity (items) which bring in to business
for such sale. & Good Will is intengible assets.

What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry for non repayment of money after 1 month by Mr A. (What entry will come for this?)

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