Goodwill
Goodwill is an intangible asset that arises when a company acquires another for more than the fair value of its net assets. Goodwill reflects brand reputation, customer loyalty, or other non-physical assets. It’s tested regularly for impairment and doesn’t depreciate like tangible assets.
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Gross Book Value
The original cost of a fixed asset before any depreciation is deducted. It reflects the purchase price and installation costs.…
Goods in Transit
Inventory that has been shipped by the seller but not yet received by the buyer. Depending on shipping terms (FOB…
Gross Sales
Gross sale is the total unadjusted sales revenue a business earns before returns, discounts, or allowances. It gives a top-line…
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