Goodwill

Goodwill

12th Grade

10 Qs

quiz-placeholder

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Goodwill

Goodwill

Assessment

Quiz

Mathematics

12th Grade

Medium

Created by

D Lija

Used 39+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Goodwill can be classified into which features

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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