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Answer in One Sentence: What is Goodwill? - Book Keeping and Accountancy

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Question

Answer in One Sentence:

What is Goodwill?

One Line Answer
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Solution

Goodwill means the aggregate of those intangible attributes of a business which contributes to its superior earning capacity over a normal return on investments.

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Chapter 1: Introduction to Book - Keeping and Accountancy - EXERCISE [Page 16]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
EXERCISE | Q 1. 5) | Page 16
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