Bpo Data Entry Operator Interview Questions and Answers for Freshers

Goodwill is the intangible value of a business based on its reputation and customer loyalty.

• Goodwill is the value of a business beyond its tangible assets.

• It is based on the reputation, customer loyalty, and brand recognition of the business.

• Goodwill can be created through excellent customer service, quality products, and ethical business practices.

• For example, a restaurant with a good reputation for quality food and service will have a higher goodwill value than a restaurant...read more

Entries in balance sheet of Loss due to fire

• The loss due to fire should be recorded under the 'Loss on Assets' section of the balance sheet

• The amount of loss should be calculated and recorded as a negative value

• If insurance is claimed, the amount received should be recorded separately under 'Insurance Proceeds' section

Recurring assets are those assets that are used repeatedly in the business operations.

• Recurring assets are essential for the smooth functioning of the business.

• These assets are used repeatedly in the business operations.

• Examples of recurring assets include office supplies, software licenses, and maintenance contracts.

• Recurring assets are usually expensed rather than capitalized on the balance sheet.