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Goodwill

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(Querist)
07 July 2015 plzz experts clarify this doubt.. can a loss making company show Goodwill in there balance sheet? if yes or no plzz specify thanks in advance
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CA. Sunil Gokhale

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CA. Sunil Gokhale (Expert)
07 July 2015 Yes, a loss making company can have goodwill. Goodwill is not just the reputation but any intangible advantage that a company enjoys over its competitors. Just because it is making losses temporarily does not mean that it has no goodwill. When Honda started making cars in India it was a loss making company for many years.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2015 agreed with above ans.....................
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