1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
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
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
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
Related Videos
Shutting Down the Business
ACCOUNTANCY
Watch in App
Explore more
Dissolution vs Retirement
Standard XII Accountancy
Join BYJU'S Learning Program
Grade/Exam
1st Grade
2nd Grade
3rd Grade
4th Grade
5th Grade
6th grade
7th grade
8th Grade
9th Grade
10th Grade
11th Grade
12th Grade
Submit
AI Tutor
Textbooks
Question Papers
Install app