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what is good will and what are the different types of good
will
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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.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / muzira george
q
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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.
| Is This Answer Correct ? | 1 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narayan
Types of goodwill...
1. Dog goodwill
2. Cat goodwill
3. Rat goodwill
| Is This Answer Correct ? | 0 Yes | 0 No |
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.
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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.
| Is This Answer Correct ? | 0 Yes | 1 No |
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
| Is This Answer Correct ? | 0 Yes | 1 No |
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
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / santosh
cash is given when new partner is coming to company.because of
campany good positions
| Is This Answer Correct ? | 0 Yes | 2 No |
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.
| Is This Answer Correct ? | 30 Yes | 60 No |
Re: one customer visit the showroom of phones and purchased the phone of Rs 750 and gave the 1000 rupees note the showroom executive didn't have the change so he take the change from next to his showroom's shop then he deliver the phone to customer with the change of rs 250.and customer went with both after sometime the shop owner of next to showroom who gave the change of Rs 1000 with angry and told the showroom executive that the note you give it to me is fake! so showroom executive gave him Rs1000 to him.so my(question) is how much the showroom executive faced the loss on this transaction. (the answer is neither 750,1000,1250,1500,1750 nor 2000) please reply the answer because its urgent with the explanation of u'r answer thankyou.
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