Patents, Copyrights and Trademarks are

Q12.Patents, Copyrights and Trademarks are

(1)Fixed assets
(2)Current assets
(3)Investments
(4)Intangible assets

Answer

Intangible assets

Related Questions on Introduction to Accounting

Q13.Nominal Accounts are related to:

(1)Assets and Liabilities.
(2) Expenses and Revenue.
(3) Debtors and Creditors.
(4) None of these.

Answer

Expenses and Revenue.

Q14.Modern system of bookkeeping is

(1)Single entry system
(2) Double entry system
(3) British system
(4) None of these

Answer

Double entry system

Q15.Goodwill is an

(1)Tangible Asset.
(2) Intangible Asset.
(3) Current Asset.
(4) Fictitious Asset.

Answer

Intangible Asset.

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