What is Goodwill? If it is treated as asset in
Balancesheet then what is on its opposit side i.e.
liability side.
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Answer Posted / ashish
goodwill is extra earning capacity of a company.
it may possible u genrate goodwill from ur quality product
or service or it may also possible comapany hv purchased it
by this way u hv to pay 4 that in cash for that goodwill.
through purchase of goodwill ur creditor will increase.
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