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Which of the following statement is correct?

Anurag Pathak
April 16, 2023
Accountancy Class 12th, Goodwill, MCQs (Goodwill)

818 viewsApril 16, 2023Accountancy Class 12th Goodwill MCQs (Goodwill)

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Anurag Pathak28.35K April 16, 2023 0 Comments

Which of the following statement is correct?

a) Goodwill is a fictitious asset

b) Goodwill is a current asset

c) Goodwill is a tangible asset

d) Goodwill is an intangible asset

Anurag Pathak Changed status to publish April 16, 2023

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1 Answer

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Anurag Pathak28.35K Posted April 16, 2023 0 Comments

Ans – d)

Explanation:-

Goodwill is an intangible asset as it can not be touched physically.

Anurag Pathak Changed status to publish April 16, 2023

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.