Goodwill is the difference between the price paid for a business and the net book value of assets in the balance sheet of that business. The price paid for a business is usually more closely related to its profit stream rather balance sheet value. A strong brand can influence profit but would not appear as an asset on the balance sheet. The level of profit could also be influenced by staff competences and staff competences are not shown as an asset on the balance sheet. That difference between price paid and balance sheet value of assets might be due to the strength of the brand name, but it could also be due to other things.
Loan is on balance sheet
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
A balance sheet account is any item that is found on the financial statement known as the balance sheet. The figures reflected on the balance sheet, consist of the ending balance of the balance sheet account. After all the transactions are posted in the individual balance sheet account's "T" account (involving debits and credits), the ending balance is the amount found on the balance sheet.
They are similar. The photograph represents what the balance sheet says.
grouping and marshalling in balance sheet grouping and marshalling in balance sheet
Yes in merchandiser balance sheet there is stock of items available in balance sheet while in services balance sheet there is no inventory item available.
Proforma balance sheet is a projected balance sheet to predict the future of business.
my balance sheet does not balance why?
balance sheet
EBIT is not show in balance sheet rather Earning after tax is shown in balance sheet.
Post balance sheet items are those items which arise after closing date of balance sheet that's why called post balance sheet items.