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Question
Match the following items:
| (i) | Goodwill which is acquired by making a payment | (a) | Inherent goodwill |
| (ii) | Goodwill which arises from favourable location | (b) | Purchased goodwill |
| (iii) | Goodwill which arises due to efficiency of management |
Match the Columns
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Solution
| (i) | Goodwill which is acquired by making a payment | (b) | Purchased goodwill |
| (ii) | Goodwill which arises from favourable location | (a) | Inherent goodwill |
| (iii) | Goodwill which arises due to efficiency of management | (a) | Inherent goodwill |
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