Goodwill
This query is : Resolved
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
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.
08 July 2015
agreed with above ans.....................
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