Corporate Accounting B.Com CA II Year

Corporate Accounting B.Com CA II Year

University

11 Qs

quiz-placeholder

Similar activities

Formative Quiz Topic 2.2

Formative Quiz Topic 2.2

University

15 Qs

PAS 38 and PAS 40

PAS 38 and PAS 40

University

10 Qs

Financial Accounting

Financial Accounting

University

10 Qs

Accounting2

Accounting2

University

15 Qs

ACC101- CHAPTER 3

ACC101- CHAPTER 3

University

10 Qs

INTACC REVIEWER 2

INTACC REVIEWER 2

University

14 Qs

Perfect Competition and Monopoly

Perfect Competition and Monopoly

University

15 Qs

ACC 220 CH 9 LO4-7

ACC 220 CH 9 LO4-7

University

10 Qs

Corporate Accounting B.Com CA II Year

Corporate Accounting B.Com CA II Year

Assessment

Quiz

Education

University

Medium

Created by

sandeep raghuwanshi

Used 3+ times

FREE Resource

11 questions

Show all answers

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?