What is Goodwill ?

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

  • May 14th, 2007
 

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

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Sweete

  • Jun 20th, 2008
 

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. 

kmananda

  • Oct 13th, 2008
 

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.

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