menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 5: Goodwill and Intangible Assets
  5. Question
    When There Is No Goodwill Account in the Books and Goodwill
Solved

When There Is No Goodwill Account in the Books and Goodwill

Question 7

Question 7

Multiple Choice

When there is no Goodwill Account in the books and goodwill israised,…………….account will be debited


A) Partner's Capital
B) Goodwill
C) Cash
D) Reserve

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: This is the feature of Intangible assets<br>A)They

Q3: An asset which does not have a

Q4: Goodwill is nothing more than probability that

Q5: The total capital employed in the company

Q6: Goodwill is defined as<br>A)Intangible asset<br>B)Fictitious asset<br>C)Current asset<br>D)Liquid

Q8: A unique name of symbol or design

Q9: When there is a change in the

Q10: At the time of admission of a

Q11: A firm's goodwill is not affected by<br>A)Location

Q12: The value of Intangible assets is -------------

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines