CUET Preparation Today
Match the following list 1 with list 2.
Choose the correct answer from the options given below. |
A-I, B-III, C-IV, D-II A-III, B-I, C-II, D-IV A-III, B-I, C-IV, D-II A-I, B-III, C-II, D-IV |
A-III, B-I, C-II, D-IV |
The correct answer is option 2- A-III, B-I, C-II, D-IV.
* Goodwill is an intangible asset. It is accounted according to the AS-26. * Land and building is a tangible asset which can be seen & touched. * Purchased goodwill is accounted in books because consideration is paid for it. * Self-generated goodwill is not accounted in books because no consideration is paid for it. It is generated due to internal efforts of the partners. |
