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प्रश्न
State Whether the following Statement is True or False:
Goodwill is a fictitious asset.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
Goodwill is an intangible asset, not a fictitious asset. It represents the reputation and earning capacity of a business and is shown as a non-current intangible asset in the Balance Sheet (when purchased or recognized as per accounting rules).
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