what is good will and what are the different types of good
will

Answer Posted / arun kumar

the value of reputation of the business or person is called
goodwill.
Goodwill comes under fixed assets group.

Is This Answer Correct ?    25 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what are the limitations of accounting ratios?

609


Sir, Now, i am purchasing ply wood, board, and other material for my office furniture. But now the furniture is incomplete so what would be the journal entry for this exp. in book.

1503


Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!

1049


In the case of stock transfer from one branch to another branch any reverse credit is applicable.

1567


what is the method deposit of wct in Delhi

1723






Anti Takeover policies

1666


can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

1552


how to deduct tds on income from other sources with examples

1637


Explain have you ever prepared mis reports and what are these?

618


Hey can any body tell me..What are negative assets?

1606


HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?

1541


Where a cash discount should be recorded in a journal entry?

613


what are the voucher entries in tally for medical insurance

1848


There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.

1502


Tax Invoice: Client had settled Rs. 5,25,000/- {after deducting TDS @ 10% from base/gross amount and then added (+) Service Tax Amount (15%)} which equals to Rs. 525000/- (Settled Amount by Client). Please let me know what will be gross amount and total invoice amount including Service Tax????

1263