Question

what is goodwill in in books of account
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Answer 1

Answer:

The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the total value of the assets and liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched.

Answer 2

Heya ur Answer ✌✌✌✌

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Definition with Affects

• Reputation among costumers and professional groups
• Company website and domain name
• Managerial and executive talent and innovation
• Trade secrets
• Client and supplier list
• Licenses and permits
• Copy rights , trademarks and patents
• Processes and training system

Have a nice day

Kate