Financial Statements & Accounting
2 terms
Goodwill
Financial Statements & Accounting
₹ crore
The excess of the price paid for a business over the fair value of its identifiable net assets, recorded as an asset on acquisition.
Goodwill = Purchase Consideration - Fair Value of Identifiable Net Assets Acquired
Gross Profit
Financial Statements & Accounting
₹ crore
Revenue less the direct cost of the goods or services sold, before operating, financing and tax costs.
Gross Profit = Revenue - Cost of Goods Sold