What is Intangible Real Account? Give two examples of such type of accounts.
Download our app for free and get started
These accounts represent such things which cannot be touched, but, of course, their value can be measured in terms of money. Examples: Goodwill account, Patents account, Trade Marks account, Copyrights account etc.
Download our app
and get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
‘X’ commenced business on 1st April, 2013 with a capital of ₹ 6,00,000. On 31st March, 2014 his assets were worth ₹ 8,00,000 and liabilities ₹ 50,000. Find out his closing capital and profits earned during the year.