Q31.Which of the following is not a tangible asset ?
(1) Goodwill
(2) Motor Car
(3) Building
(4) Stock
Answer
Goodwill
Related Questions on Theory Base of Accounting
Q32.Building A/c is related to
(1) Real A/c
(2) Personal A/c
(3) None of these
(4) Nominal A/c
Answer
Real A/c
Q33.Trade discount is :
(1) Allowed at the time of sale of goods
(2) Allowed at the time of receiving payment
(3) Allowed in all the cases)
(4) Both ‘A’ and ‘B’
Answer
Allowed at the time of sale of goods