Answer / guest

good will reflect the portion of the book value of a
business entity not directly attributable to its assets and
liabilities

Answer / v.nagajyothi

Good will means name & fame of the company which does not
have any physical appearence.
Types:
1.purchase good will.
2. Self generated good will.

Answer / 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.

Answer / k phalguna rao

Goodwill means brand value of the company, it is an
intangeble asset

for exp. Reliance, Philips,

Answer / 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.

Answer / arun kumar

the value of reputation of the business or person is called
goodwill.
Goodwill comes under fixed assets group.
there are two types of calculating of goodwill
super profit method
avarage profit method

Answer / saroj behera

An account that can be found in the assets portion of a
company's balance sheet. Goodwill can often arise when one
company is purchased by another company. In an acquisition,
the amount paid for the company over book value usually
accounts for the target firm's intangible assets

Answer / arun kumar

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

Answer / jayasree

Goodwill is the premium paid by an acquiring company over
and above the acquired company's tangible book value. On a
company's balance sheet, goodwill represents the sum of all
the premiums the company has paid for all of its
acquisitions (although occasionally goodwill from past
acquisitions whose value has fallen is written down).

However, most companies have intangible assets - such as
relationships with key customers, patents and trademarks,
the unique character of its employees, which are not so
easily replaced. So, acquiring companies frequently pay
more for a company than its tangible book value.

The acquiring company must carry the premium it pays for
its acquisition targets above tangible book value
as "goodwill".

Answer / ranjitha

goodwill is a currentasset wich wecant to see it is name
and fame of the company which will bring investment to the
company inthe form of shareholdres

WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?

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