English

Write the Word/Term Or Phrase Which Can Substitute the Following Statement. - Book Keeping and Accountancy

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Question

Write the word/term or phrase which can substitute the following statement.
Name of intangible asset having a value.

One Word/Term Answer
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Solution

Goodwill

Explanation: An intangible asset is an asset with no physical existence. It cannot be seen, touched or felt. Goodwill is an intangible asset that has a certain value.

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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 2 [Page 107]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 2 | Q 5 | Page 107
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