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what is good will and what are the different types of good
will
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Answer / md abdul aziz.
Good will is a prestige and equity premium earned by a
businessfirm from its quality service and management.The
equity premium(good will) of a business can be calculated
as G = AV/RV x 100.
where G = goodwill
AV= Assumed Value
RV= Real Value.
when, G>1 it is good will.
G<1 it is bad will.
G=1 it is break even.
Good will is an intangible asset of a business concern
expressed in accounting figure and maintained in a
prestigeios manner. Md Abdul Aziz.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / muzira george
q
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goodwill is the intangible asset of abusiness which is not included on the balance sheet . and it can be acquired either by puchasing it or copany making it itself.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / satishgoud
GOOD WILL THE VALUE OF THE REPUTATION OF THE COMPANY. IT IS A INTANGIBLE ASSETS . IT DIFFERENCE BETWEEN THE SALE PRICE OF A COMPANY AND VALUE OF ITS TANGIBLE ASSETS
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Answer / narayan
Types of goodwill...
1. Dog goodwill
2. Cat goodwill
3. Rat goodwill
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / stanzin
Goodwill is the value of reputation of a firm based on its profit earning capacity. It is fixed but intangible asset of the firn.
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Answer / amit
good will is intangibal asset which is the reputation of
firm or company.
googwill is recorded under the head of fixed
asset in balance sheet.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / preamkumar
"god will is the cuurent value of expected future income in excess of a normal return on investment in the net tangible assets"
goodwill is the reputation nad it is a intangible asset
it is of two types:
1.purchased goodwill
2.non-purchased or self generated goodwill
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepali
goodwill is an asset.
The value of reputation of the business
it is fanicial account releted to person for ex- machinery,
motar car building etc
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / santosh
cash is given when new partner is coming to company.because of
campany good positions
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / sunil
(Please ignor some grammer mistake, becuase i have no good
command on english lenguage)
Ans. Goods means comodity (items) which bring in to business
for such sale. & Good Will is intengible assets.
| Is This Answer Correct ? | 30 Yes | 60 No |
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