English

Define goodwill. - Accounts

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Question

Define goodwill.

Definition
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Solution

“The term goodwill is generally used to denote the benefit arising from connections and reputation.” -Lord Lindley

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Chapter 2: Goodwill : Concept and Valuation - SHORT ANSWER QUESTIONS [Page 2.23]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 2 Goodwill : Concept and Valuation
SHORT ANSWER QUESTIONS | Q 1. | Page 2.23
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