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Select the most appropriate alternative from the given below and rewrite the statement. _________ means a reputation of a business valued in terms of money. - Book Keeping and Accountancy

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MCQ

Select the most appropriate alternative from the given below and rewrite the statement.

_________ means a reputation of a business valued in terms of money.

Options

  • Trademark

  • Assets

  • Patents

  • Goodwill

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Solution

Goodwill means a reputation of a business valued in terms of money.

Concept: Basic Accounting Terminologies
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
Exercises | Q 3. 6) | Page 17
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