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Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)?
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Why is 'goodwill' considered an 'intangible asset' but not a 'fictitio...
Fictitious assets can also be understood as deffered revenue expenditure. their benefits are carried forward in the years to come like advertisement expenditure. another important property of fictitious assets us that they HAVE NO SELLABLE OR MARKET VALUE. however, goodwill can be sold and purchased so it is not a fictitious asset.
on the other hand it cannot be seen or touched and hence it is an intangible asset.
on the other hand it cannot be seen or touched and hence it is an intangible asset.
Community Answer
Why is 'goodwill' considered an 'intangible asset' but not a 'fictitio...
Goodwill is considered as an intangible assets as we can not see or touch goodwill unlike fictitious assets
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Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)?
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Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)?.
Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is 'goodwill' considered an 'intangible asset' but not a 'fictitious'?(acc ch-3)?.
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