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Why goodwill considered an intangible assets …

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Why goodwill considered an intangible assets but not a fictitious assets?

    • Posted by Rohan Gupta 6 years, 11 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Ayush Pal 6 years, 11 months ago

    Goodwill is considered an intangible asset of the firm.It does not have any physical existence. On the other hand fictitious asset are neither tangible nor intangible assets. They are expenses and loss which are still to be charged from the profit

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