Login

Login
Register

Questions
Unanswered
Tags
Categories
Ask a Question

Amortization of intangible Asset Such as Goodwill which has indefinite life is an example of accounting concept

+1 vote

asked Nov 5, 2018 in Class 12 by kratos

Amortization of intangible Asset Such as Goodwill which has indefinite life is an example of accounting concept

a) Conservatism Concept

b) Continuity Concept

c) Realisation Concept

d) Measurement Concept

final accounts of sole proprietors
class-11
goodwill in partnership accounts
class-12
depreciation accounting

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

+4 votes

answered Nov 30, 2020 by kratos

Best answer

a) Conservatism Concept

Please log in or register to add a comment.

Related questions

P, Q and R were partners in a firm. Their Balance sheet as at 31st March, 2017 was as follows :
P, Q and R were partners in a firm sharing profits in the ratio 3:2:1. Their balance sheet on 31-12-2016 was as follows :
Following is the balance sheet of A, B and C as at 31st March, 2017, who have agreed to share
The Balance sheet of A, B and C who were sharing profits in proportion of their capital, stood as follows on 31st March, 2017 :
A, B and C are partners, sharing profits in the ratio of 4 : 3 : 2. Their balance sheet on 31st March, 2017 was as follows :

Snow Theme by Q2A Market

Powered by Question2Answer

Copyright © QinStar.in

...