Give any two features of Goodwill.
Solution:-
The two features of goodwill are:
- It is an intangible asset, i.e., it does not have a physical existence and has a value, Thus, it is not a fictitious asset.
- It does not have an existence separate from that of an enterprise. Thus, normally it has realisable value when a business or a part of the business is sold.
Anurag Pathak Changed status to publish April 19, 2023
