Answer Posted / vinod kumar from the lawrence
Goodwill means good reputation or good name of business.
Goodwill is intangible asset not a fictitious asset. and we
can not calculate exact value of goodwill. because their are
different methods for goodwill and all methods showing
different answers. Goodwill help us in earning more profits.
their are two types of goodwill 1. self generated goodwill
2.Purchased goodwill.
Is This Answer Correct ? | 60 Yes | 8 No |
Post New Answer View All Answers
What elements of your job do you find most difficult
What are the types of journal categories available in the Oracle AP?
what is Functional Specification in SAP FICO?
What is Home Loan Modification?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
what is your achievements?
What is cash clearing account
why do you think you are sutable candidate for this post
What are the duties of sales tax department? Explain it
what is sevice tax? on what service tax is applicable. explain with examples?
post pscwb question and answer for accounting paper I & II for govt.officers departmental examination.
INTE3RNATIONAL ACCOUNTING STD
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
Deposited Rs 25000 in Canara Bank of ABC co towards dealership deposit thru our SBH Bank Pass necessary entry
what is meant by qurum