Q420
Which one of the following statements is not correct?
A.
As per AS-26 only purchased goodwill to be recorded in the books of accounts
B.
Self generated goodwill will have to be adjusted through partners Capital Accounts
C.
Goodwill is an intangible asset
D.
Goodwill is a fictitious asset
AnswerAnswer: Option D
Solution
Answer: Option D
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