Accountancy, asked by shrutichavan851, 1 month ago

monetary value oF the reputation, Connections
Profit-earning Capacity a firm is....

Answers

Answered by bharatpatadia74

Answer:

In accounting, the monetary value of such advantage is known as "goodwill". It is regarded as an intangible asset. In other words, goodwill is the value of the reputation of a firm in respect of the profits expected in future over and above the normal profits.

Explanation:

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