English

Give one important feature of non-purchased goodwill.

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Questions

Give one important feature of non-purchased goodwill.

Give any one important feature of non-purchased goodwill.

Very Short Answer
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Solution

It is self-generated (internally created) and cannot be recorded in the books of accounts as per accounting standards.

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Chapter 2: Goodwill : Concept and Valuation - LATEST ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS [Page 2.25]

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D. K. Goel Accountancy Part 1 and 2 [English] Class 12 ISC
Chapter 2 Goodwill : Concept and Valuation
LATEST ISC ANNUAL EXAMINATION AND SPECIMEN QUESTIONS | Q 1. | Page 2.25
D. K. Goel Accountancy Part 1 and 2 [English] Class 12 ISC
Chapter 2 Goodwill : Concept and Valuation
VERY SHORT ANSWER QUESTIONS (1 Mark) | Q 5. | Page 2.26
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