Answer Posted / balu

Good will is an intangible asset. It is no profit no gain.
It is the brand image of the company.
Good will is reputation of a company/person name or fame is
called good will.

Types:
1.Purchase good will.
2. Self generated good will.

Assigning natural account to accounting seg. What will happen

2095

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Define scrap value in accounting?

1201

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What is ppe in accounting?

1093

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List the type of transactions entered in journal proper.

1232

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Please explain the difference between provision and reserve?

1067

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what is a difference between public and private accounting?

1200

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x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?

2237

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What is the master account?

1087

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Do you know what are trade bills?

1497

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explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule

2371

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Sir, we have investment shares some company how to calculate gain/loss please send format brefly fifo, lifo and average method

2049

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journal entry for prepaid insurance and salary outstanding

1664

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what is debit balance report in SAP?. how do you describe DB report in brief.

2056

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What is the general classification of accounts that usually ledger account involve?

1150

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Explain financial accounting. What are its characteristic features?

1181

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