Question
Select the type of assets against the items given below. (i) Goodwill (ii) Bills Receivable (iii) Preliminary Expenses (iv) Land & Building
A. (i) Tangible asset (ii) Current asset (iii) Fictitious Asset (iv) Fixed assets
B. (i) Intangible asset (ii) Current asset (iii) Current Asset (iv) Fixed assets
C. (i) Intangible asset (ii) Current asset (iii) Fictitious Asset (iv) Fixed assets
D. (i) Current asset (ii) Current asset (iii) Fictitious Asset (iv) Fixed assets
Solution
The correct answer is C
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