Interested to Buy Any Domain ? << Click Here >> for more details...
Is Goodwill a Intangible or Fictitious Asset ?
- 12 Answers
- 43429 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vinod kumar from the lawrence
Goodwill means good reputation or good name of business.
Goodwill is intangible asset not a fictitious asset. and we
can not calculate exact value of goodwill. because their are
different methods for goodwill and all methods showing
different answers. Goodwill help us in earning more profits.
their are two types of goodwill 1. self generated goodwill
2.Purchased goodwill.
| Is This Answer Correct ? | 60 Yes | 8 No |
Answer / anoop
its an intangible asset,
Ficticious assets are those assets that has no relizable or resale value, since good will has value when realized we can clearly say that its an intangible asset.
Intangible assets are those assets which cant be touched or felt but has value when realized.
| Is This Answer Correct ? | 24 Yes | 3 No |
Answer / shaina
yes goodwill is a intangible asset bcoz goodwill means good
reputation of a concern...it can not be exactly
measured..there are amny methods of calculating goodwill
like super profit method,annuity method etc
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / asif
goodwill is an fixed asset
though it can not be seen or touched but can be feel in the
form of repo of the company. goodwill gives benefit for
long period of time
Read more:
http://wiki.answers.com/Q/Is_goodwill_a_fixed_asset_or_ficti
tious_asset#ixzz164udHwzN
| Is This Answer Correct ? | 4 Yes | 6 No |
Answer / ekta
There are two types of intangible assets 1 which can be sold(copyright,good will etc)2.which cannot be sold ( adv.suspense A/c etc)but fictitious cannot be sold so goodwill can be sold so it is not a fic. asset
| Is This Answer Correct ? | 1 Yes | 3 No |
Expand C R R
what is debit note received entry ?
what is the basic difference between cash flow and funds flow statement?
What is contra account?
where do you consider salary in an income statement? whether it is to be taken before gross profit or after net profit? answer with reasons.
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
Do you need an income statement if you do part time contract work at home?
What is Income Statement ?
what is brs
how will you create the posting periods 3 and 5 or 5and 7?
after adjusting the amounts accountant of the company prepares which accounts??
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
Audit 
