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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1900)
 Accounting General interview questions  Accounting General Interview Questions (2815)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4365)
Question
what is goodwill?
goodwill what kind of asset for the company?tangible or 
intangible asset?
how much improtant for the company?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
ans1:goodwill is an fixed asset(intangible asset)
though it can not be seen or touched but can be feel in the
form of repo of the company. goodwill gives benefit for
long period of time

ans2
good will: (accounting) an intangible asset valued
according to the advantage or reputation a business has
acquired (over and above its tangible assets)
good will: the friendly hope that something will succeed
grace: a disposition to kindness and compassion; "the
victor's grace in treating the vanquished"
ans3:
Goodwill arises when a company buys another business at a
price greater than the book value....more on Goodwill
 
Is This Answer Correct ?    17 Yes 0 No
Md Asif Ali
 
Answer
# 2
goodwill means reputaion of the company. it is same thing
of intengible assets.those assets we can not seen and can
not touch that is called intengible asset.it is very
important to grow repo of the company.
 
Is This Answer Correct ?    6 Yes 0 No
Sheetal Kumar Garg
 
 
 
Answer
# 3
GOODWILL IS THE REPUTATION OF THE COMPANY,
IT IS AN INTANGIBLE ASSET,
IT IS MOSTLY IMPORTANT FOR THE COMPANY BECAUSE GOODWILL CREATE COMPANY'S BRAND IMAGE NOT ONLY IN THE MIND OF CUSTOMER BUT ALSO ALL OVER THE WORLD.
 
Is This Answer Correct ?    0 Yes 0 No
Litu
 
Answer
# 4
Good Will is nothing more then the profitabliity of Compny,
Its our Intangible fixed asset
comapny criteria depend on goodwill
 
Is This Answer Correct ?    0 Yes 1 No
Sajjad1
 
Answer
# 5
goodwill is an intangible asset
 
Is This Answer Correct ?    0 Yes 1 No
Shiva Shankar
 

 
 
 
Other Accounting AllOther Interview Questions
 
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What is meant by provision   4
what are different types of invoice? WNS 9
why closing balance do not come in trial balance?if it is in which case it comes? HDFC 5
Is the the invoice number and voucher no will be same most of the time or it should be same?   1
why is TDS treated as an asset while preparing Balance sheet.   4
what is the meaning of interim period?   2
Expand ________FBT   4
what is amortization   8
WHAT IS 'ABSORPTION AND CONSOLIDATION'? BA-Continnum-Solutions 1
What is the purpose of a bank reconciliation statement?   4
what is the procedure of filing IT Returns.which form i have to fill and what i have to take with me at the time of filing IT Returns.   1
 
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