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The excess amount which the firm can get...

The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called:

A

Surplus

B

Super profits

C

Reserve

D

Goodwill

Text Solution

Verified by Experts

The correct Answer is:
D
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Knowledge Check

  • The excess amount which the firm gets on selling its business over and above the net value is

    A
    Surplus
    B
    Super Profits
    C
    Reserve
    D
    Goodwill

  • The excess amount which the firm gets on selling its business over and above the net value is

    A
    Surplus.
    B
    Super profits.
    C
    Reserve.
    D
    Goodwill.

  • Which of the following assets can be mortgaged?

    A
    Stock
    B
    Book Debts
    C
    National Savings Certificates
    D
    Land and Building

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    Net worth of an organisation means the excess of its total assets over total liabilities.

    At the time of dissolution of firm, Loan given by partner to the firm is paid out of the amount realised on sale of assets

    Which among the following is called as non-performing assets?

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