Goodwill can be classified into which features
Goodwill

Quiz
•
Mathematics
•
12th Grade
•
Medium
D Lija
Used 39+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Purchased good
Self generated goodwill
Both
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Super profit method is for goodwill valuation
Super profit ,multiply by no.of year
Average profit multiply no.of years
None of the options
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Purchased goodwill is
Assets - profits
Assets - liability
Both
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which goodwill is recorded in books of accounts
Self generated goodwill
Purchased goodwill
Both
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When does valuation of goodwill is needed
On retirement or death of partner
Admission of partner
None of above
Both
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which factors affecting the valuation of goodwill
All the options
Quality of products
Location of goodwill
Efficient management
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
The the amount of super profit is negative , then what does it indicates
There is average goodwill
There is no goodwill
None
Both
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