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Goodwill
Institute of charterted accountants of India defines goodwill as "An intangible assets arising from business connections of trade name or reputation of an enterprise"
In the word of Lord Macnaghten "Goodwill is a thing very easy to describe,very difficult to define.It is the benefit and advantage of the good name,reputation and connection of a bussiness. It is the attractive force which bring in customers.It is the one things which distinguishes an old established business at its first sight".
Shares
According to Company Act 2053, Sares is defined as a divided part of share capital and face value of share should be Rs.100 each.A Limited Company can issue two types of shares.
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Goodwill
Institute of charterted accountants of India defines goodwill as "An intangible assets arising from business connections of trade name or reputation of an enterprise"
In the word of Lord Macnaghten "Goodwill is a thing very easy to describe,very difficult to define.It is the benefit and advantage of the good name,reputation and connection of a bussiness. It is the attractive force which bring in customers.It is the one things which distinguishes an old established business at its first sight".
Shares
According to Company Act 2053, Sares is defined as a divided part of share capital and face value of share should be Rs.100 each.A Limited Company can issue two types of shares.
- Preference Share
- Equity Share
