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P1 C5 ADMISSION OF A PARNER — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C5 ADMISSION OF A PARNER1 Mark
MCQ
As per accounting standard-26 __________ can not be shown in the books.
  • A
    goodwill for which some amount is paid for consideration
  • ✓
    internally generated goodwill
  • C
    (A) and (B) both
  • D
    neither of (A) nor (B)
✓

Answer

Correct option: B.
internally generated goodwill
B

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