Internally generated goodwill cannot be shown in the books as per… - Vidyadip

MCQ

Internally generated goodwill cannot be shown in the books as per which accounting standard?

A
25
✓
26
C
27
D
28

✓

Answer

Correct option: B.

26

B

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "MCQ" from P1 C5 ADMISSION OF A PARNER→P1 C5 ADMISSION OF A PARNER — all question types→Elements of Account STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Issue of shares debentures / preference shares is an example of$.........$

Where is the provident fund shown in balance sheet at the time of the reconstruction of partnership firm ?

When new partner brings his share of goodwill in cash. account is credited.

The expenses of the company for current year are $₹ 15,00,000$ and this expenses are increased by $25 \%$ as compared to previous year, what will be the amount of previous year $?$

If the wife of a partner has given a loan to the firm from her personal fund it is to be paid

Debit balance of profit and loss appropriation account means $........$

The amount of premium received on issuing debentures at premium is$........$

In which proportion the profit or loss will be distributed between the partners if no provision is made in the partnership contract ?

How many maximum number of members should be there in a public company ?

$A, B$ and $C$ are partners sharing profit-loss sharing of $2: 2: 1$. At the retirement of $\mathrm{C}$, gaining ratio of partner $A$ and $B$ is $3: 2$. New profit-loss sharing ratio is