What is Goodwill? If it is treated as asset in
Balancesheet then what is on its opposit side i.e.
liability side.
- 10 Answers
- 24428 Views
- PCE, TCS, I also Faced
- E-Mail Answers
Answer Posted / vinay valmiki
Good will: good name or reputation of an organisation it
earn extra amount of profit to the company
It appears in the Balance Sheet only if it is purchaesd
along with the business's other assets
and there is no opposite effect of it on the liability side
Logically : you will buy good name/ Reputation
You dont buy opposit of it
| Is This Answer Correct ? | 10 Yes | 4 No |
Post New Answer View All Answers
How and by whom the Percentage of Depreciation is fixing?
How many types we are received funds in business purpose
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
what is the organisation chart for accounting and finance ?
what is meant by transposition error
Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
Expand---------SDRT?
Dear sir i had been called for ntpc interview and gd next month..please guide me for it!
your parents have lent you $20,000 to buy a car and have told you to pay it back whenever you like in conceptual framework
what is capital market and money market? what is primary market and secondary market?
How can a company reduce profit
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
what is ZBA hold & balance hold in banking?
fiscal year variant Vs posting period variant
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
