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what means by goodwill?
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Answer / tanvi arora
in simple words, goodwill is reputation of the company....
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / seswarca
good will represent the value of the business as it differ from books
in books shown only actual cost where as present market rate is different
take example of land
this goodwill arises in admission of partner or amalgamation or takeover
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / pradnya
GOODWILL IS AN INVISIBLE ASSET. IT SHOWS THE VALUE OF
GOODWILL OF THE COMPANY IN THE MARKET.
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