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what is good will and what are the different types of good
will
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Answer Posted / rakeshyadav
good will is a name and fame of the company and its a
intangible asset
| Is This Answer Correct ? | 6 Yes | 0 No |
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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