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Financial Statements – With Adjustments — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements – With Adjustments1 Mark
Question
Goodwill is a fictitious asset.
✓

Answer

False.
Reason: Goodwill is an intangible asset and not a fictitious asset. The reason is that it has a value and can be sold for a price.

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