Goodwill Valuation | Average Profit Method |Partnership | Chapter 2 | Class 12 | Part 2

Goodwill arises in firms which have capacity to earn more. It is the value of the reputation of a firm, which enables it to earn higher profits in comparison to the normal profits earned by other firms in the same trade. Goodwill arises due to business relations and image. In other words, the good name or the reputation of an existing business is called its goodwill. It is that extra worth of the business which arises due to its name, bright future, popularity and good business relations. Businessman prospers and becomes popular through his character, hard work, honesty and efforts. Due to good image the sale of the business increases which also increases its profitability and enables it to earn profits over and above the normal profits. Goodwill can be said as the capacity to earn higher profits than the normal profits. #goodwill #accountingforpartnershipfirmsclass12accountancy #partnership #finalaccounts #profitandlossappropriationaccount #12commerce #12accountancy #mpboard #upboardexam2025 #12cbse #12board #averageprofitmethod #accountingmethod goodwill valuation goodwill valuation guide 2020 goodwill valuation goodwill valuation class 12 goodwill valuation ca foundation goodwill valuation methods goodwill valuation super profit method goodwill valuation class 12 one shot goodwill valuation corporate accounting goodwill valuation bcom goodwill valuation sunil panda valuation of goodwill valuation of goodwill playlist bcom 2nd year valuation of goodwill playlist valuation of goodwill playlist corporate accounting valuation of goodwill playlist by rajat arora valuation of goodwill playlist devika bhatnagar valuation of goodwill average profit method valuation of goodwill class 12 valuation of goodwill and shares tybcom valuation of goodwill by ca naresh agarwal class 12 goodwill class 12 goodwill questions class 12 isc goodwill class 12 treatment of goodwill    • Goodwill |Average profit Method |Part...