what is good will and what are the different types of good
will
Answer Posted / jahnavi
goodwill is an goodname or reputation of business, over and
above the tang able or concrete assets which helps to earn
super profit
types of goodwill
1.Rat goodwill
2.cat goodwill
3.dog goodwill
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
If a prospective client kept presenting you with excuses not to buy, what would you do?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 -300000 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?
Tell me what are the three factors that can affect your cash flow and business profitability?
What is the formula for acid test ratio in accounting?
how to prost entry for purchases with a bill
what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance
Difference between depreciation according to cost principle and matching principle
Tell me how you can adjust entries into account?
what are the different methods of teaching share and debenture to pre degree students
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
what is the entry to be made for vat when any purchase is made in that bill vat amount is included ?
What is the difference between cost accounting management accounting and financial accounting?
Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?