What is goodwill? How do u calculate it?
- 6 Answers
- 12276 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / rahul dev
Goodwill is a thing which is not so easy to describe but in general words good-name, reputation and wide business connection which helps the business to earn more profits than the profit could be earned by a newly started business. The monetary value of the advantage of earning more profits is known as goodwill. Goodwill is an attractive force, which brings in customers to old place of business. Goodwill is an intangible but valuable asset. In a profitable concern it is not a fictitious asset.
| Is This Answer Correct ? | 18 Yes | 2 No |
Post New Answer View All Answers
Explain the importance of capitalization?
Why is kyc important?
What is the short cut to filter the information based on the monetary value all most from all report screens in Tally ERP 9?
Lending of Lockers?
What happens if a deposit is pre-paid?
Do All Debts Get Discharged?
What do you understand by financial inclusion?
What Are The Different Types Of Loans Offered By Banks?
Define general life insurance.
reasons for popularity of consumer credit in india
What does GSLV stand for?
What is gross profit ratio? What does it indicate?
Tell us about your latest qualification?
Name some state co- operative banks?
What according to you India should do to increase its exports?
