
Corporate Accounting B.Com CA II Year

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Education
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University
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Medium
sandeep raghuwanshi
Used 3+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Goodwill is defined as
Intangible asset
Fictitious asset
Current asset
Liquid asset
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
A firm’s goodwill is not affected by
Location of the firm
The reputation of the Firm
Better Customer Service
None of the Above
3.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
The basis for the valuation of goodwill is
Profit
share
Debentures
None of the above
4.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Goodwill is paid for obtaining_______
Future benefit
Present benefit
Past benefit
None of the above
5.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Super profit is___________
excess of average profit over normal profit
Extra profit earned
average profit earned by similar companies
none of the above
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Normal profit is_________
Average Profit earned
profit earned by similar companies in the same industry
(a) and (b) both
None of the above
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Normal rate of return depends on_______
Rate of return
Rate of risk
both (a) and (b)
None of the above
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