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Theory Base of Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountTheory Base of Accounting1 Mark
Question
Briefly explain Intangible Assets.
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Answer

Intangible Assets are the assets which do not have a physical existence, i.e., they cannot be seen or touched such as Computer Software and Goodwill.

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