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Write the Word/Term/Phrase which can substitute the following statement: Money value of business reputation earned by the firm over a number of years. - Book Keeping and Accountancy

Write the Word/Term/Phrase which can substitute the following statement:

Money value of business reputation earned by the firm over a number of years.

One Word/Term Answer

Goodwill

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Chapter 4: Reconstitution of Partnership (Retirement of Partner) - Exercise 4.1 (Objective Questions) [Page 182]

Chapter 4 Reconstitution of Partnership (Retirement of Partner)
Exercise 4.1 (Objective Questions) | Q (B) 5. | Page 182

Q 1. (B) 2. | 1 mark

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