Accountancy, asked by Abhayrajsharma8140, 10 months ago

What is goodwill? And whats its nature and method.

Answers

Answered by gauravdubey77
1

Answer:

Goodwill is nothing but the reputation of a partnership firm. It is computed on the basis of expected profits in excess of normal profits. It denotes the firm's capacity to earn a greater profit in the future based on its track record....

Answered by cutie08
30

Answer:

Goodwill is nothing but the reputation of a partnership firm. It is computed on the basis of expected profits in excess of normal profits. It denotes the firm's capacity to earn a greater profit in the future based on its track record.

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