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What is Goodwill? If it is treated as asset in
Balancesheet then what is on its opposit side i.e.
liability side.
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Answer Posted / vinay srivastava
good will is the reputation of the company by which, a
company generate extra money other than oprating revanue of
the company. it is an infictious assets, which is shown in
assets side of the balance sheet under head of fixed assets.
its opposit side in liability side in balance sheet is
shown as reserve.
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