Q/What is mean by raising the goodwill ?
Anil.M.Saraswat
(CA-Final Student)
(62 Points)
Replied 27 September 2011
Goodwill is the reputation of the business.It is raised normally at time of admission,death,retirement of partner in the firm.It is simply raised as an accounting entry & then written off after the event.
CAclubindia
