Doubt

Asset side... Coz it's a intangible asset

Roshan Vignesh

CA Foundation

★ 4K+

20-Sep-21 10:47

Side

Thakur Anant Singh Shrinet

CBSE XI

★ 5

20-Sep-21 10:47

Then what is self and purchased good will

Thread Starter

Balachandar S

CA Inter

★ 59K+

20-Sep-21 10:48

Purchase good will come., Asset side like asset purchases..

Roshan Vignesh

CA Foundation

★ 4K+

20-Sep-21 10:50

Ok..and What about self good will

Thread Starter

Balachandar S

CA Inter

★ 59K+

20-Sep-21 10:53

Self-generated or Goodwill is the value of business in excess of the fair value of it's net tangible assets. It arises over a period of time due to the good reputation of the firm. A cost cannot be placed on this type of goodwill. It is never recorded in the books of accounts. The valuation of this type of goodwill depends entirely on the judgement of the valuer.

Roshan Vignesh

CA Foundation

★ 4K+

20-Sep-21 10:57

Thanks bro

Thread Starter

Balachandar S

CA Inter

★ 59K+

20-Sep-21 10:59

Wlcm bro

Roshan Vignesh

CA Foundation

★ 4K+

20-Sep-21 11:02