what is good will and what are the different types of good
will
- 30 Answers
- 74755 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / guest
good will reflect the portion of the book value of a
business entity not directly attributable to its assets and
liabilities
| Is This Answer Correct ? | 81 Yes | 24 No |
Answer / v.nagajyothi
Good will means name & fame of the company which does not
have any physical appearence.
Types:
1.purchase good will.
2. Self generated good will.
| Is This Answer Correct ? | 67 Yes | 12 No |
Answer / arun bijlwan
goodwill is very easy to think od but difficult to
define.It is the benifit and advantage of the good name,
reputation and connections of a business.
Goodwill can be classified into two categories:
(i) Purchase Goodwill: is the goodwill that is acquired by
making a payment. For example, when a business is
purchased , the excess of purchased consideration of its
net asset ( i.e. assets - liability )is purchase goodwill
(ii) Self Generated Goodwill: It is an internally generated
goodwill which arises from a number of attributes that a
running business possesses.
| Is This Answer Correct ? | 51 Yes | 10 No |
Answer / k phalguna rao
Goodwill means brand value of the company, it is an
intangeble asset
for exp. Reliance, Philips,
| Is This Answer Correct ? | 42 Yes | 8 No |
Answer / balu
Good will is an intangible asset. It is no profit no gain.
It is the brand image of the company.
Good will is reputation of a company/person name or fame is
called good will.
Types:
1.Purchase good will.
2. Self generated good will.
| Is This Answer Correct ? | 36 Yes | 3 No |
Answer / arun kumar
the value of reputation of the business or person is called
goodwill.
Goodwill comes under fixed assets group.
there are two types of calculating of goodwill
super profit method
avarage profit method
| Is This Answer Correct ? | 39 Yes | 8 No |
An account that can be found in the assets portion of a
company's balance sheet. Goodwill can often arise when one
company is purchased by another company. In an acquisition,
the amount paid for the company over book value usually
accounts for the target firm's intangible assets
| Is This Answer Correct ? | 26 Yes | 6 No |
Answer / arun kumar
the value of reputation of the business or person is called
goodwill.
Goodwill comes under fixed assets group.
| Is This Answer Correct ? | 25 Yes | 6 No |
Answer / jayasree
Goodwill is the premium paid by an acquiring company over
and above the acquired company's tangible book value. On a
company's balance sheet, goodwill represents the sum of all
the premiums the company has paid for all of its
acquisitions (although occasionally goodwill from past
acquisitions whose value has fallen is written down).
However, most companies have intangible assets - such as
relationships with key customers, patents and trademarks,
the unique character of its employees, which are not so
easily replaced. So, acquiring companies frequently pay
more for a company than its tangible book value.
The acquiring company must carry the premium it pays for
its acquisition targets above tangible book value
as "goodwill".
| Is This Answer Correct ? | 28 Yes | 18 No |
Answer / ranjitha
goodwill is a currentasset wich wecant to see it is name
and fame of the company which will bring investment to the
company inthe form of shareholdres
| Is This Answer Correct ? | 23 Yes | 14 No |
company office interior work payment paid by MD on his personal account what is entry in company accounts book & md personal a/c book?
what is the impact of bank garantee of rs 100000 on cash flow statement which has been expired...& impact on bank reconcilation statement
what is invoice
How can minus tax amount from total price i.e. 2000+5%=2100 now i want to minus 5% from 2100 and want result 2000
Tell me what are things will not be included in bank reconciliation statement?
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
How to transefer data from tally 9.0 to excel to do simuntennis
What steps would you take to locate the errors in case trial balance disagrees?
What is the prior period item ? and please give some examples with entries and that account head come under which ledger(creation of ledger)
Different types of payments
What u know abt mutual funds?
0 Answers Franklin Templeton, icl, Syntel,
If i have started a new institution than what are the entries i have to passed in tally
Audit 
