Accountancy, asked by rsmehul496, 8 hours ago

goodwill existing in the balance sheet means self generated goodwill true or false With Explanation

Answers

Answered by aditsuresh123

Answer:

False.

Explanation:

Self-generated or Inherent Goodwill is the value of business in excess of the fair value of it's net tangible assets. It arises over a period of time due to the good reputation of the firm. A cost cannot be placed on this type of goodwill.

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goodwill existing in the balance sheet means self generated goodwill true or false With Explanation​

Answers

goodwill existing in the balance sheet means self generated goodwill true or false With Explanation