Interested to Buy Any Domain ? << Click Here >> for more details...
what is goodwill?
- 6 Answers
- 8648 Views
- ABB, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vinay
Good will is the intangible asset of the company, it is
earned in the name and fame of the organisation. It can
valued only through amount while transferring the asset,
liquidation of the company.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / rajamouli palakurthi
The value of reputation of the business/person by name or
fame is called goodwill
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jay jain
Goodwill in accounting is an intangible asset that arises when one company acquires another, but pays more than the fair market value of the net assets (total assets - total liabilities). The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the total value of the assets and liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. However, according to International Financial Reporting Standards (IFRS), goodwill is never amortized. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / digamber
goodwill is the repution of any business.it attract more
more cretitors customers. we can esly get the loan from any
intitution such as bank, money lenders.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / m.raja
Goodwill is a asset of the firm. it can not be sale.it
makes the quality of the particular company products.
| Is This Answer Correct ? | 0 Yes | 1 No |
hello please anyone can help me, how to prepare the bank reconciliation statement?
what is the relationship between cost accounting financial accounting and managerial accounting?
are tpt, freight & packing charges part of sales & purchase ??
ACCOUNTING CONCEPTS AND CONVENTIONS
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
In which ways is math used in accounting
What is the definition of offset accounting?
WHAT DO YOU MEAN BY SERVICE TAX.
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
what is entry godds drwings in personol use my point of viwe is drwaings ac dr To goods
if Cheque bounced who issued to us and we posted to clear the check in bank, but returned, what entry can be made in tally(single entry system)
what is profit and loss(dr) in cash flow statement?
Audit 
