Explained: Goodwill on the balance sheet of a company
Explained: Goodwill on the balance sheet of a company

Explained: Goodwill on the balance sheet of a company

Building goodwill builds value!

Shreya Chaware Article rating: 5.0

Goodwill is defined as the value of the reputation of a firm built over time, taking into consideration the expected future profits over and above the normal profits. Goodwill is an intangible real asset, which cannot be seen or touched but has an existence in reality and can also be purchased & sold. Goodwill valuation plays an important role in a partnership.  

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