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Question : Which of the following is not true in relation to Goodwill?

Option 1: It is an intangible asset

Option 2: It is a fictitious asset

Option 3: It has a realisable value

Option 4: All of these


Team Careers360 17th Jan, 2024
Answer (1)
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Team Careers360 25th Jan, 2024

Correct Answer: It is a fictitious asset


Solution : Goodwill is not a fictitious asset but it is an intangible asset. For example, the loss is a fictitious asset because it has no realizable value. Hence, the correct option is 2.

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