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Goodwill consider one of the following answers?

A- assets 

B- liabilities 

C- Equity 

D- all answer are false 

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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/12/01
Theodore Tadea
by Theodore Tadea , Travel and Tourism Specialist , Fursan Travels and Tourism

A-Goodwill is also an asset but considered as intangible asset because its not physical asset like building and equipment or supplies. 

Jishad Kk
by Jishad Kk , ACCOUNTANT , SPINNEYS

A =ASSET(INTAGIBLE ASSET )

Ehasn AlBluwi
by Ehasn AlBluwi , رئيس حسابات فرع , النشار التجارية المحدودة-N.T.C

the Goodwill classify assets

Huda Adam
by Huda Adam , Faculty of Commerce Graduate , Cairo University

The answer is A   Asset (Intangibles)

Abdul Ghaffar Abbasi
by Abdul Ghaffar Abbasi , Assistant Manager Revenue Accounts , Pakistan Telecommunication Company limited (PTCL)

if purchased its intangible asset, internally generated good will have Nil value.

Abdul Shaik
by Abdul Shaik , IT Manager , Confidentail

Goodwill creates an impression which converts customer into asset 

Sohail Lone
by Sohail Lone , Assistant Manager Audit , Deloitte - United Arab Emirates

Goodwill is an intangible asset of the business.Purchase consideration-net worth of assets give rise to goodwill.

Naji Alslaibi
by Naji Alslaibi , Chief Accountant , PYALARA

Hi, My name is Naji 

Goodwill is considered to be Assets 

Deleted user
by Deleted user

goodwill is an asset... it helps in the competitive market to run fast...

Zohaib Yaqoob
by Zohaib Yaqoob , Senior Auditor , BDO Dr alamri

ASSETS ACQUIRED IN BUSINESS IN NON INTANGIBLE FORM IS CONSIDERED AS GOOD WILL ASSET

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

Option (A) is the right answer. It is a intangible asset unlike a tangible assets i.e. buildings, lands, etc.

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