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Accountancy (goodwill)

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In accountancy a important topic termed as goodwill. Here we provide the concept full description notes easy to understand and in standard way .

Institution
Sixth Year / 12th Grade
Course
Commerce

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GOODWILL – PREMIUM NOTES


Subject: Accountancy
Class: 12th
(Clean, Easy & Exam-Oriented Notes)




Prepared By: ____________________




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GOODWILL

• Goodwill is an intangible asset.
• It is the reputation of the business that helps earn extra profits.
• Goodwill cannot be seen or touched but has value.
• It arises due to factors like good management, location, quality, and customer loyalty.

Characteristics of Goodwill
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Institution
Secondary school
Course
Commerce
School year
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Number of pages
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Written in
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Prof jain
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