Accountancy, asked by ajaypalsinghshah27, 2 months ago

value of reputation of the firm is

Answers

Answered by djhardas82

Explanation:

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.

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