Posted by Shradha Malpani 1 month, 1 week ago
Goodwill is an intangible asset that arises when one company purchases another for a premium value. The value of a company’s brand name, solid customer base, good customer relations, good employee relations ,and any patents or proprietary technology represent goodwill.
The nature of Premium for Goodwill A/c is Liability. It represents the liability of the firm towards the sacrificing partners.
Posted by Battu Navodayan 1 year, 1 month ago
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