Goodwill A/c is a/an__________?

Related Mcqs:

A brief explanation recorded below every entry in general journal is commonly known as__________?

A. Narration B. Explanation C. Summary D. Other information...

_________ is the evidence that a transaction took place?

A. Source documents B. Ledger C. Bonds D. Journals...

Which of the following is a representative Personal A/c?

A. Outstanding Salary A/c B. Rent A/c C. SBI A/c D. Bad debts A/c...

When a person purchasing goods on credit he becomes a_________in the books of the seller?

A. Debtor B. Creditor C. Defaulter D. Offender...

Which of the following is not true with regard to preparation of Profit & Loss Account?

A. Profit & Loss Account is prepared for a certain period and hence it is an interim statement B. Profit & Loss Account does not disclose the effect of non-financial items C. Net Profits are ascertained on the basis of current costs D. Net Profits as disclosed by P&L Account is not absolute...