Accountancy, asked by sudhans2503, 9 months ago

What is goodwill and what is it's charactersticies

Answers

Answered by aditi346454
0

Answer:

Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable.

Characteristics of Goodwill are:-

1) It is an intangible asset as it connot be seen or touched but it's presence can be felt.

2) It is not a ficticious asset

3) It cannot be sold solely as it cannot be separated from the business.

4) The value of goodwill fluctuates frequently.

Answered by amanmishra01
0

Answer:

tangible asset

Explanation:

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