P1 C3 VALUATION OF GOODWILL — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C3 VALUATION OF GOODWILL1 Mark
Question
What is goodwill?
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Answer
"Goodwill is an intangible asset which shows the reputation of a firm in the market." OR "Goodwill is the value of the reputation of a firm in respect to the profit earning over and above the expected profit."
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