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What is goodwill? - Accountancy

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प्रश्न

What is goodwill?

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उत्तर

Goodwill is the good name or reputation of the business which brings benefit to the business. It enables the business to earn more profit. It is the present value of a firm’s future excess earnings.

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अध्याय 4: Goodwill in partnership accounts - Very short answer questions [पृष्ठ १३३]

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सामाचीर कलवी Accountancy [English] Class 12 TN Board
अध्याय 4 Goodwill in partnership accounts
Very short answer questions | Q II 1. | पृष्ठ १३३
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