CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Dissolution vs Retirement

is the potent...

Question

is the potential for the business to create future profits.

A

Capital

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Goodwill

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

Assets

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Reserves

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Goodwill
Goodwill is just the name and reputation of a business. It is the potential for the business to create future profits

Suggest Corrections

thumbs-up

0

Similar questions

Q. ___________ is created out of revenue profits from business operations.

Q. ______ appear in the profit and loss account and are available for distribution as profit, or for creating reserves and funds, for being used in the business.

Q. _____appear in the profit and loss account and are available for distribution as profit, or for creating reserves and funds, or for being used in the business.

Q. "Make sufficient provisions for future losses, but do not anticipate future profits." This statement is in accordance to the concept of _________.

Q. To manage a business well is to manage it's future and to manage the future is to manage information is termed as____________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Shutting Down the Business

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Dissolution vs Retirement

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon