what is good will and what are the different types of good
will
Answers were Sorted based on User's Feedback
Answer / g.naga raju
good will is an intangible asset
1.purchase good will
2.self generated good will
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / rakeshyadav
good will is a name and fame of the company and its a
intangible asset
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / jahnavi
goodwill is an goodname or reputation of business, over and
above the tang able or concrete assets which helps to earn
super profit
types of goodwill
1.Rat goodwill
2.cat goodwill
3.dog goodwill
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / harsha
Good will is intangible, it is company reputations
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / raghumohan kamtekar
Good will is current asset which we cant to see ,it is brand value of the company.
Good will very easy to think,but difficult to define.Good will
is a "Intangible asset".
Good will can be classified in to two types:
1.purchase good will(acquired by making a payment)
2.self generated good will(it arises the no.of attributes)
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / zubair_glad24@yahoo.com
Hi Deepali
How are you?
I will explain you in one sentence
market value of the company is called goodwill.
Mohammed Zubair
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / samrat
good will is an intangible asset which cant be seen and
touched but can be felt
in other words goodwill is name/fame earned by the company
example: britania rebok levis etc
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / venki
Goodwill is an intangible fixed asset, But acording to
modran accounting Goodwill never calculated. for example
Methid to calculate Good will is
)- super profit method,etc...
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / s.narasimharao
good will is nothing but intangible. we cant see . like
trade mark
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / harpreet kaur
Type of goodwill
Dog goodwill
Rat goodwill
Cat goodwill
Rabit goodwill
Is This Answer Correct ? | 11 Yes | 9 No |
Do you know partitioning in accounting?
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