Goodwill is an intangible Assets Sol:

Related MCQs

• The following statement stands true when intangible assets are compared to the current assets Sol:
• When there is no Goodwill Account in the books and goodwill is raised,…………….account will be debited Sol:
• Following are forms of Intangible assets. Sol:
• The value of Intangible assets is ------------- over a period of time. Sol:
• This is the feature of Intangible assets Sol:
• A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalization of average actual profit will be Sol:
• Goodwill is nothing more than probability that the old customer will resort to the old place. This definition of goodwill was given by:
• Goodwill is to be calculated at one and half year’ purchase of average profit of last 5 years. The firm earned profits during 3 years as ₹ 20,000 ₹ 18,000 and ₹ 9,000 and suffered losses of ₹ 2,000 and ₹5,000 in last 2 years. The amount of goodwill will be
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• Goodwill is defined as Sol: