What is the goodwill, how it will be calculeted.can
Goodwill posted on laibiltes side Balance sheet.
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Answer / vivek
The goodwill can not be posted in Liability side.It shows
always assets side.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sandeep.jorvekar19
Goddwill means Value of Co's repution & it will be
caluclated on past 3 years sales Volume Ratio
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / vasu
Goodwill is a kind of asstes.It will always be posted at
Assets side of Balancesheet.
Meaning of Goodwill > Goodwill means reputation of the the
Company.The name have some value.Like Bata,Tata,etc.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / h.r. sreepada bhagi
In the above answer posted by me instead of mentioning
Goodwill should be shown only on the Assets side, I have
mentioned as on the Liabilities side by oversight. I regret
the mistake & request the readers to note the correction.
GOODWILL CAN NOT BE SHOWN ON THE LIABILITIES SIDE, IT WILL
APPEAR ON THE ASSETS SIDE OF THE HORIZONTAL BALANCE SHEET OR
UNDER 'APPLICATION OF FUNDS' IN VERTICAL BALANCE SHEET.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / h.r. sreepada bhagi
Goodwill represents some 'Prudent Value' beyond its assets
in a going concern. I may be the result of brand name,
reputation or any other factor that contributes tot eh
company's performance & growth.
Goodwill may be acquired or internally generated. It needs
to be accounted and presented in the Financial Statements as
per the relevant Accounting Standard (Indian GAAP, US GAAP
IFRS/IAS, etc). Since Goodwill implies some future benefits,
it is an asset and should shown only on the Liabilities side
(Under Application of Funds in Vertical Form) of the Balance
Sheet. Since it's Goodwill, it's not a liability to the
company presenting it in the Balance Sheet. Amortisation of
Goodwill shall be done in accordance with the relevant
Accounting Standards & Guidance Notes.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / raghavendra acharya
Goodwill is a value which repution of the Company,its a
kind of Assets, it can be shown on Assets side of Balance
sheet.
We can Calculate Goodwill valuation in 2 methods
1. Average profit method
2.Super profit method
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / kazi
Goodwill is an untuchable Assets and is the reputation of
the company. It is always posted in Assets side
we can calculate it over years average profit.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / subrat kumar
Goodwill is a intangible asset.We cant see it or touch it.
Calculate of Goodwill the help of below two method.
1. Average profit method
2.Super profit method
We cant shown it in liabilities side. Becasue Its
Intangible asset.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mallikarjuna
ya u can post good will in liability side..
if u post goowill in assets side company possession is bad
| Is This Answer Correct ? | 0 Yes | 10 No |
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