. Monetary value of business reputation is called
A: Liability
B: Goodwill
C: Premises
D: Bank balance
Best Answer
Explanation-
The reputation that a business earns over a period is signified in monetary terms and that value is known as goodwill.
Goodwill is an intangible asset.
It can be computed by various methods such as: super-profit method, capitalisation method, number of years of purchase method etc.
Final answer-
Hence the correct answer is option B: Goodwill.
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