what is good will and what are the different types of good
will
- 30 Answers
- 74874 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / arun bijlwan
goodwill is very easy to think od but difficult to
define.It is the benifit and advantage of the good name,
reputation and connections of a business.
Goodwill can be classified into two categories:
(i) Purchase Goodwill: is the goodwill that is acquired by
making a payment. For example, when a business is
purchased , the excess of purchased consideration of its
net asset ( i.e. assets - liability )is purchase goodwill
(ii) Self Generated Goodwill: It is an internally generated
goodwill which arises from a number of attributes that a
running business possesses.
| Is This Answer Correct ? | 51 Yes | 10 No |
Post New Answer View All Answers
what is the journal entry for gas connection taken by company for preparing tea and coffee.
What are mis reports and do you prepare it?
In india i did MA BE.d but now i am applying for student visa in australia in masters of professional accounting will i face any problem in interview call that why u change ur course how i ill support my answer
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
How is the accounting for hire purchase transactions done?
what is account reconcillation
what are the steps for the payment cycle of the firm or company?
Imagine you have to solve problems for multiple clients at the same time. How do you prioritize?
SHADOW BALANCE SHEET
What is corporate assesses?
What are the characteristic features of financial accounting?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
What is the use of form D in sale tax
formula of reduction in tax credit of vat form 201(gujarat)
what are the voucher entries for depreciation in tally and when?
