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Why is ‘Goodwill’ considered an ‘Intangible Asset’ but not a ‘Fictitious Asset’? - Accounts

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प्रश्न

Why is ‘Goodwill’ considered an ‘Intangible Asset’ but not a ‘Fictitious Asset’?

लघु उत्तरीय
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उत्तर

Goodwill can only be felt; it cannot be seen or touched. It is therefore regarded as an intangible asset. It is not a fictitious asset, however, as goodwill has value and may be bought or sold with any other asset, but fictitious assets have no value.

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अध्याय 2: Goodwill : Concept and Valuation - SHORT ANSWER QUESTIONS [पृष्ठ २.२४]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
अध्याय 2 Goodwill : Concept and Valuation
SHORT ANSWER QUESTIONS | Q 3. | पृष्ठ २.२४
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