Question : Goodwill and patents fall under the category of ________.
Option 1: Current assets
Option 2: Liquid assets
Option 3: Intangible assets
Option 4: Tangible assets
Correct Answer: Intangible assets
Solution : Answer = Intangible assets
Goodwill and patents fall under the category of intangible assets . Intangible assets lack physical substance but have value to a company, such as brand reputation (goodwill) and intellectual property rights (patents), contributing to the company's long-term value and competitive advantage. Hence, the correct option is 3.
Question : Goodwill is
Question : Creditors are
Question : Goodwill and copyright are examples of which assets?
Question : The Current Liabilities of a Company are Rs.7,00,000. Its current ratio is 3.5: 1 and its acid test ratio is 1.5: 1. The value of Current assets, Liquid assets and Inventories are
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