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Question
Answer in one sentence only.
Give two examples of intangible assets.
Solution
Goodwill, patents, copyrights and trademarks are examples of intangible assets.
Notes
Students should refer to the answer according to their questions.
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State whether the following statement is True or False with reasons:
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Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach.
1. Mr. Meghraj started the business with cash of ₹ 30,000.
2. Deposited cash into Bank of India ₹ 2,000.
3. Withdrew cash ₹ 1,000 for personal use.
4. Purchased goods on credit from Nilesh ₹ 2,000.
5. Cash purchases ₹ 3,000.
6. Paid Wages ₹ 400.
7. Purchased a chair for office use ₹ 3,200.
8. Sold goods to Mohan worth ₹ 1,200.
9. Withdrew Cash for Office use ₹ 3,000.
10. Sold old furniture ₹ 9,000.
11. Received Dividend of ₹ 1,000.
12. Paid for Printing bill book ₹ 200.
Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach.
- Mr. Meghraj started the business with cash of ₹ 30,000.
- Deposited cash into Bank of India ₹ 2,000.
- Withdrew cash ₹ 1,000 for personal use.
- Purchased goods on credit from Nilesh ₹ 2,000.
- Cash purchases ₹ 3,000.
- Paid Wages ₹ 400.
- Purchased a chair for office use ₹ 3,200.
- Sold goods to Mohan worth ₹ 1,200.
- Withdrew Cash for Office use ₹ 3,000.
- Sold old furniture ₹ 9,000.
- Received Dividend of ₹ 1,000.
- Paid for Printing bill book ₹ 200.
Prepare Chart showing Analysis of the following transaction in a Tabular form according to Modern Approach.
- Mr. Meghraj started business with cash ₹ 30,000.
- Deposited cash into Bank of India ₹ 2,000.
- Withdrew cash ₹ 1,000 for personal use.
- Purchased goods on credit from Nilesh ₹ 2,000.
- Cash purchases ₹ 3,000.
- Paid Wages ₹ 400.
- Purchase a chair for office use ₹ 3,200.
- Sold goods to Mohan worth ₹ 1,200.
- Withdrew Cash for Office use ₹ 3,000.
- Sold old furniture ₹ 9,000.
- Received Dividend of ₹ 1,000.
- Paid for Printing bill book ₹ 200.
