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Select the most appropriate alternatives from the given below and rewrite the statement: Goodwill is . . . . . . . . . . . . . . asset. - Book Keeping and Accountancy

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MCQ

Select the most appropriate alternatives from the given below and rewrite the statement:

Goodwill is ______ asset.

Options

  • Tangible

  • Current

  • an intangible

  • None of these

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Solution

Goodwill is an intangible asset.

Concept: Classification of Accounts
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
Exercises | Q 3. 6) | Page 39
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