Assertion (A): Goodwill is a fictitious asset. Reason (R): Goodwill has a realisable value. Which one of the following is correct?

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KollegeApply · Accepted Answer

Assertion is false and Reason is true. Explanation: Goodwill is not a fictitious asset; it is an intangible asset with real value because it helps a business earn excess profits. Unlike fictitious assets, goodwill has realizable value and can be sold along with the business, even though it has no physical form.

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