Goodwill is -  (A) Tangible asset  (B) Intangible asset  (C) Current asset  (D) None of these

Profit on sale of the asset is debited to an asset account.

This statement is True. Goodwill is the reputation or name and fame of a business organization in the market. It is the money value of a business reputation earned by a...

Correct option is: (A) Capital Receipt

Correct option is: (A) Personal Account

Correct option is: (D) Fictitious Asset

Correct Answer is Tangible.

Management is intangible in nature.

(i) Disagree (ii) Disagree (iii) Disagree (iv) Disagree (v) Disagree

Correct option is (b) Scrap value

Correct Answer - Cash Flow Operating Activites = ₹ 1,54,800; Net Profit before Tax = ₹ 1,30,000