The monetary value of reputation of business is called Sol:

Related MCQs

• An asset which does not have a physical form but has the potential to have a monetary value is known as an ------------- Sol:
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• It refers to the system of recording, organising, summarising, analysing, interpreting and communicating the financial data of a business. Sol:
• This is the kind of software which is specifically designed for meeting the requirements of a particular business. Sol:
• An exclusive right given to an entity of individual or business firm to manufacture or sell an invention is known as Sol:
• Goodwill will have no effect on business Financial status Sol:
• Royalties are connected with the following types of business Sol:
• Mr. Rohit, owner of Rohit Furniture Ltd., owns a personal residence that cost ` 6,00,000, but has a market value of ` 9,00,000. During preparation of the financial statement for the business, the entire value of property was ignored and was not shown in the financial statements. The principle that was followed was
• The value of Intangible assets is ------------- over a period of time. Sol:
• From the profits of previous three years, Rs 150000, Rs 200000, and Rs250000/- the value of goodwill at five years of purchase is ----------- Sol: