what is Goodwill? What kind of Asset for the company?
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Answer / sameer
GOODWILL IS INCOME SOURCE OF THE COMPANY AND GOODWILL IS A
INTANGABLE ASSET FOR THE COMPANY .
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Answer / avi singh
Goodwill is intangable assets of the company.
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goodwill is an intangible asset and it is calculated
depending on company's profits every year.
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Answer / mahesh
its a intangible assets and its value depend upon the reputation of the company i.e declaration of dividend,profit of the company.Its has nil value at the time of liquidation of the company but it was helpful at the time of entry of new partner,sale of the company.
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During mergers and aquisition,When the company pays amount higher than the book value to target company,the excess amount reported as goodwill.Entry will be,
Asset of the target co. A/c Dr
Goodwill a/c Dr
Cash a/c Cr
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