Chapter 3: Valuation of Goodwill

Let's learn more about goodwill and its various aspects!

  • 31 texts
  • 2 quizzes
  • 3 PDFs
  • 1434+ students
  • Lifetime Access
  • 24x7 support
Ratings
16
Language

English

Details

Over a period of time, a well - established business develops an advantage of having a reputation and wide connections. These factors benefit the business.
In accounting, the monetary value of such advantage is known as 'Goodwill'. A firm having goodwill has the capacity to earn more profit than a common firm, and value of goodwill in turn depends on profit earning capacity of the firm.
So, we can say that goodwill doesn't exist for businesses that earn a normal amount of profit or incur loss.


Curriculum

Students' feedback

4.8

16
5
13
4
3
3
0
2
0
1
0
4 months ago

11 months ago

about 1 year ago

about 1 year ago

about 1 year ago

We are pioneers in the field of Modern Teaching for Commerce Students since year 2000. We have 14 Locations in Gujarat and thousands of Students have lived U WILL.

204 & 301 Turning Point Complex
Nr. ABS Tower
O.P. Road
Vadodara - 390007
Gujarat, India