CA. (Dr.) G. S. GREWAL
Objective Type Question / MCQs
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Question Series 3
Fill in the Blank
1. Goodwill is valued with a purpose to compensate ______ partner(s) by the ______ partners.
True / False
2. Large Customer base results in higher valuation of Goodwill.
Multiple Choice Question
3. Which of the following statement is Correct?
(a) Goodwill is a fictitious asset.
(b) Goodwill is a current asset.
(c) Goodwill is a wasting asset.
(d) Goodwill is an intangible asset.
Answer – Question Series 3
Fill in the Blank
1. Sacrificing, Gaining
True / False
2. * True *
Reason If a customer is large in size then they demand more of good and ultimately goodwill of that product increases.
Multiple Choice Questions: -
3. * d *
Reason Goodwill is an intangible asset as it cannot be seen or touched but has a value.
1. Sacrificing, Gaining
True / False
2. * True *
Reason If a customer is large in size then they demand more of good and ultimately goodwill of that product increases.
Multiple Choice Questions: -
3. * d *
Reason Goodwill is an intangible asset as it cannot be seen or touched but has a value.
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