Accounts Payable - What is Goodwill ?

GeekInterview.com > Interview Questions > Accounting > Accounts Payable

Go To First | Previous Question | Next Question

Accounts Payable | Question 55 of 156

What is Goodwill ?

Goodwill is an intangible assets. it is exist in business.

Total Answers and Comments: 3

Last Update: October 13, 2008 Asked by: Jitendra Singh

Sponsored Links

Best Rated Answer

—

Submitted by: Sweete

Goodwill is the extra amount paid at the time of acquiring the bussiness, it is got by reputation, brand name, fame of the company and loyalty of the company. It is an intangible asset which is shown in the balance sheet on the asset side.

Above answer was rated as good by the following members:
yaduravi

May 14, 2007 00:52:14

mitha

RE: What is Goodwill ?

Goodwill is the good name or reputation of a firm. It is an intangible asset. It is always shown as first item under Fixed Assets

Is this answer useful? Yes | No

June 20, 2008 04:59:03

Sweete

Member Since: June 2008 Contribution: 7

RE: What is Goodwill ?

Goodwill is the extra amount paid at the time of acquiring the bussiness it is got by reputation brand name fame of the company and loyalty of the company. It is an intangible asset which is shown in the balance sheet on the asset side.

Is this answer useful? Yes | No

1 0

Overall Rating: +1

October 13, 2008 07:25:07

kmananda

Member Since: October 2008 Contribution: 2

RE: What is Goodwill ?

Goodwill is a reputaion of the organisation and it will appearing in assets side of the balance sheet. It can be value based on diff- type of method based on financial statement of the company.

Is this answer useful? Yes | No

Go To Top

User Name		Remember Me?
Password

Question Bank