Which of the following is not an intangible asset?

Accounting Mcqs 16/05/2021

A. Trade mark
B. Franchise
C. Accounts Receivable
D. Secret Profit

An accounts receivable is not an intangible asset. It is the amount that the business has to receive from its debtors. The other assets mentioned in alternatives a, b, and d- trademark, franchises and secret processes are intangible assets. Hence, the correct answer is C.

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