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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Which of the following statements is true? - Accountancy

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Question

Which of the following statements is true?

Options

  • Goodwill is an intangible asset

  • Goodwill is a current asset

  • Goodwill is a fictitious asset

  • Goodwill cannot be acquired

MCQ

Solution

Goodwill is an intangible asset

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Nature of Goodwill
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Chapter 4: Goodwill in partnership accounts - Multiple choice questions [Page 131]

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Samacheer Kalvi Accountancy [English] Class 12 TN Board
Chapter 4 Goodwill in partnership accounts
Multiple choice questions | Q I 1. | Page 131
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