2. Questions Bank
  3. 12th Class
  4. Accountancy
  5. Fundamentals of Partnership

12th Class Accountancy Fundamentals of Partnership Question Bank MCQs - Accounting for Partnership Firm : Fundamental

  • question_answer
    Find out that goodwill which is accounted for, as per Accounting Standard 26.

    A) Purchased goodwill only

    B) Self-generated goodwill

    C) Both a and b

    D) Goodwill brought in by a partner

    Correct Answer: A

    Solution :

    [a] Purchased goodwill only


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