Multiple Choice
At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:
A) All Partner's Capital Accounts
B) New Partner's Capital Account
C) Old Partners'. Capital Accounts
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
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
Q7: When there is no Goodwill Account in
Q8: A unique name of symbol or design
Q9: When there is a change in the
Q11: A firm's goodwill is not affected by<br>A)Location
Q12: The value of Intangible assets is -------------
Q13: Following are forms of Intangible assets.<br>A)Brand, Goodwill,
Q14: Intangibility refers to ------------------<br>A)Economic benefit<br>B)Absence of future
Q15: The amount of goodwill is paid by