UrbanPro
Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Class 12 Tuition > Learn Class 12 > What Is Goodwill ? Why should a new Partner be called...
✕

Search in

What Is Goodwill ? Why should a new Partner be called upon to pay for Goodwill ?

Asked by Last Modified  

3 Answers

Learn Class 12

Follow 4
Answer

Please enter your answer

Online tutor - M.Sc (IIT),M.Ed - Physics -25 yrs Experienced - Chennai TN - Micro-teaching

The established reputation of a business regarded as a quantifiable asset and calculated part of its value when it is sold. Due to Admission of a new partner, old partners have to share their value of goodwill created till date.
Comments
Dislike Bookmark

Spoken English for Sales, Personality Development , Communication Skills

Goodwill is the value of a business entity not directly attributable to its assets and liabilities, and is earned by providing quality, consistently and acts as a brand. It is not reflected in the P&L statement but shows the confidence of the market in the name of the enterprise. Any new partner...
read more
Goodwill is the value of a business entity not directly attributable to its assets and liabilities, and is earned by providing quality, consistently and acts as a brand. It is not reflected in the P&L statement but shows the confidence of the market in the name of the enterprise. Any new partner is asked to pay for goodwill as it's a 'future value' of the business and needs to be accounted for any investment which will reflect the true valuation of the enterprise. read less
Comments
Dislike Bookmark

Cloud & devops trainer: Kubernetes certified (CKA,CKAD), Docker, Pivotal Cloud Foundry, Azure

The term "Goodwill" relates to business matters and is defined as an intangible entity that comes when a company acquires new business into any field. A new partner should be paid upon because it is looked like a kind gesture as he will bring more business and sho existing company must share the goodwill...
read more
The term "Goodwill" relates to business matters and is defined as an intangible entity that comes when a company acquires new business into any field. A new partner should be paid upon because it is looked like a kind gesture as he will bring more business and sho existing company must share the goodwill of the profit earned to date. Hence old partners in business wanta contributionfroma new partnerfor their compromise in the value ofgoodwillfora new partner.The new partnerwould compensate to former partners in their sacrificing ratio. read less
Comments
Dislike Bookmark

View 1 more Answers

Related Questions

Define asymptote?
A straight line that continually approaches a given curve but does not meet it at any finite distance.
Prakash
How to learn English?
Hello, to improve your english, start thinking in english. Generally, when you try to speak a sentence in english, you might be thinking in Hindi and translating it and speaking. If you try to think in...
Akshay
Why is ozone is thermodynamically unstable?
The ozone formation is actually endothermic, and oxygen is known to be less stable when combined with Heat as in speaking from the basis of thermodynamically. This is because oxygen decomposes in Ozone...
Madhu
0 0
5
Explain the term "Training". Why is training needed in an organisation? Give any three reasons.
Training is requires knowledge that must be given to fresher and experienced person or employees in order to further increase their skill and efficiency so that they can work more skillful manner.
Hardik
0 0
6

why the frequency of light does not change when it entered into the denser medium ?
This is because frequency is the inherent property of any matter. It is fixed and specific for a particular substance. It doesn't vary as its the 'identity' of a particle or a wave.
Shubham Tomar
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Understanding Limits Through Graphs
Maths is often taught mechanically. Just consider the case of limits. Most of the standard textbooks define, the limit is the value that a function "approaches" as the input "approaches" some value. This...
A

Abhilash K S

1 0
0
Difference between Intermediate Goods and Final Goods-Class 12, Macroeconomics
Economics - National Income

Rajiv Vadera

0 0
0
ELectrostatics

Karunesh D.

0 0
0
Oncolytic virotherapy
Oncolytic Virotherapy: Measles Virus as an agent of tumour destruction Oncolytic Viruses- Viruses that replicate selectively in tumour tissues and lyse the tumour cells Virotherapy Benefits (Attenuated...

Biju G.

0 0
0
CRR (Cash Reserve Ratio) - Class 12, Macro Economics, Central Banks
Meaning of Cash Reserve Ratio or CRR

Rajiv Vadera

0 0
0

Recommended Articles

Find PUC Tuition near you
PUC Tuition in Delhi
PUC Tuition in Bangalore
PUC Tuition in Hyderabad
PUC Tuition in Kolkata
PUC Tuition in Mumbai
PUC Tuition in Chennai
PUC Tuition in Pune
PUC Tuition in Lucknow
PUC Tuition in Jaipur
PUC Tuition in Noida
Online Tuition Class 12

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2025 All Rights Reserved