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what means by goodwill?
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Answer / tanvi arora
in simple words, goodwill is reputation of the company....
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Answer / seswarca
good will represent the value of the business as it differ from books
in books shown only actual cost where as present market rate is different
take example of land
this goodwill arises in admission of partner or amalgamation or takeover
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Answer / pradnya
GOODWILL IS AN INVISIBLE ASSET. IT SHOWS THE VALUE OF
GOODWILL OF THE COMPANY IN THE MARKET.
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opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.
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