Goodwill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 December 2016
Sir, if goodwill is a reputation .. so how we can calculate reputation to money?
05 December 2016
Coz in the Balance Sheet the Assets and liabilities are valued in money only. You can't explain ur reputation on paper, other than money(in case of Finance). Suppose u wanna invest in a company, so how the company will present itself in front u so that it will attract more customers(coz the customers have only the financials to judge the company)? So as per the different methods of calculation of goodwill we value the progress of an enterprise in terms of money(by taking profits as base). Hope u get what i explained. Feel free to ask in any doubts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
