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What is meant by “Hidden Goodwill”? (C.B.S.E. 2017, Comptt.)

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

When the value of goodwill of the firm is not given but has to be inferred on the basis of net worth of the firm, it is called hidden goodwill.







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Previous PostUnder what circumstances premium for goodwill paid by the incoming partner would never be recorded in the books of account?
Next PostWhy should a new partner contribute towards goodwill on his admission? (C.B.S.E. 2017, Comptt.)

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