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
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"
Goodwill arises when a company buys another business at a
price greater than the book value....more on Goodwill
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.
We are an educational institution head office in chennai.
We don't have Tin Nos. Sales Tax nos, and CST Nos. we have
only Service tax nos. if i purchase a computer in chennai
and i transfer it to our institute which is in bangalore.Is
it possible. what are the documents required for this.