Give two characteristics of Goodwill. Post category:Accountancy Reading time:1 mins read SOLUTION (i)It is an intangible asset not a fictitious asset. It is a valuable asset; (ii) It is helpful in earning excess profits. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostDefine Goodwill. Next PostHow the goodwill is valued under the average profit’s method? You Might Also Like From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: August 18, 2022 What is meant by ‘Share Application Money Pending Allotment’? September 30, 2022 A and B are partners in a firm sharing profits and losses in the ratio 3 : 1. They admit C for 1/4th share on 31st March, 2014 when their Balance Sheet was as follows: August 2, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: August 18, 2022
A and B are partners in a firm sharing profits and losses in the ratio 3 : 1. They admit C for 1/4th share on 31st March, 2014 when their Balance Sheet was as follows: August 2, 2022