SOLUTION
(i)It is an intangible asset not a fictitious asset. It is a valuable asset; (ii) It is helpful in earning excess profits.
Give two characteristics of Goodwill.
- Post category:Accountancy
- Reading time:1 mins read
SOLUTION
(i)It is an intangible asset not a fictitious asset. It is a valuable asset; (ii) It is helpful in earning excess profits.