Goodwill mean
A. Good Will  
B. Credit  
C. Debit
D. Good Wishes

1 Answer

Answer :

B. Credit

Related questions

Description : When the purchasing company bears the liquidation expenses, it will debit the expenses to (A)Vendor Company‘s Account (B) Bank Account (C)Goodwill Account (D)None of the above

Last Answer : (C)Goodwill Account

Description : The rule debit all expenses and losses and credit all income and gains relates to A] Personal account B] Real account C] Nominal accounts D] All

Last Answer : C] Nominal accounts

Description : The principle ―Debit the receiver and credit the giver‖ is related to_____ a) Personal a/c b) Real a/c c) Nominal a/c d) None

Last Answer : a) Personal a/c

Description : Debit the receiver & credit the giver is _____ account a) Personal b) Real c) Nominal d) All the above

Last Answer : a) Personal

Description : Premium received on issue of shares is shown on-----------. A. asset side of the balance sheet B. liability side of the balance sheet C. credit side of the P&L a/c. D. debit side of the P & L a/c

Last Answer : B. liability side of the balance sheet

Description : When the expenses of liquidation are to be borne by the vendor company, then the vendor company debits: A. Realisation account B. Bank account C. Goodwill account. D. Purchasing company account

Last Answer : A. Realisation account

Description : When the expenses of liquidation are to be borne by the purchasing company, then the purchasing company debits: A. Vendor company's account B. Bank account C. Goodwill account. D. Realisation A/c

Last Answer : C. Goodwill account.

Description : Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : C. Goodwill or capital reserve

Description : Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to: A. General reserve B. Amalgamation adjustment account C. Goodwill or capital reserve D. None of the above

Last Answer : A. General reserve

Description : Goodwill arising on amalgamation is to be A. Retained in the books of the transferee company B. Amortised to income on a systematic basis normally five years C. Adjusted against reserves or profit and loss account balance D. All of the above

Last Answer : B. Amortised to income on a systematic basis normally five years

Description : Which of the following assets are dealt with by AS - 10 (Accounting Standard on Fixed Assets)? A. Land, building, plant and machinery, vehicles, furniture and fittings B. Goodwill and patents C. Trademarks and designs D. All of the above

Last Answer : D. All of the above

Description : Which of following is not the method of valuation of Goodwill? A. Average profit Method B. Super profit Method C. Capitalization Method D. Straight line Method

Last Answer : D. Straight line Method

Description : When liquidation expenses is paid and borne by seller company then it is debited to _______ (A) Bank A/c (B) Goodwill A/c (C) Realisation A/c (D) Capital Reserve A/c.

Last Answer : (C) Realisation A/c

Description : Hitanshi Ltd.‘s purchase consideration is Rs.12,345 and Net Assets Rs.3,568, then........... (A) Goodwill Rs. 8,777 (B) Capital Reserve Rs. 8,777 (C)Goodwill Rs. 15,913 (D) Capital Reserve R

Last Answer : (A) Goodwill Rs. 8,777

Description : Net Assets minus Capital Reserve is _________ (A) Goodwill (B) Total assets (C) Purchase consideration (D) None of these

Last Answer : (C) Purchase consideration

Description : Which of the following statement is correct? (A)The amount of Goodwill or Capital Reserve is found out in the books of purchasing company only (B)The amount of Goodwill or ... face value of shares of purchasing company will be taken in to account while calculating purchase consideration.

Last Answer : (A)The amount of Goodwill or Capital Reserve is found out in the books of purchasing company only

Description : For every debit there will be an equal creditaccording to A] Matching concept B] cost concept C] Money measurement concept D] Dual aspect concept

Last Answer : D] Dual aspect concept

Description : M/s Stationery Mart will debit the purchase of stationery to _______ a) Purchases A/c b) General Expenses A/c c) Stationery A/c d) None

Last Answer : a) Purchases A/c

Description : When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to (A) Realisation Account (B) Bank Account (C) Liability Account (D)None of the above

Last Answer : (A) Realisation Account

Description : A plastic card similar to a credit card but having some memory and a microprocessor embedded within it is a. Punched paper tape b. Chip card c. Card punch d. Magnetic tape

Last Answer : a. Punched paper tape

Description : The credit for inventing the word ―Privatisation‖ goes to A. Elton Mayo B. F.W. Taylor C. L. Urwick D. Peter Drucker

Last Answer : D. Peter Drucker

Description : Ability of a customer to pay for good bought on credit is called 1. goodwill 2. credibility 3. credit worthiness 4. reputation 5. None of these

Last Answer : credit worthiness

Description : Merger of two or more companies or business undertaking to form new company mean A. Reconstruction B. Amalgamation C. Absorption D. Commandment of Company

Last Answer : B. Amalgamation

Description : Super profit mean A. Average Profit – Net profit B. Average Profit – Normal rate of return C. Weighted Average Profit D. Net profit – Average Profit

Last Answer : A. Average Profit – Net profit

Description : To issue shares on Discount mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : C. Issue on less than face value of shares

Description : To issue shares on Par mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : A. Issue on face value of shares

Description : To issue shares on premium mean A. Issue on face value of shares B. Issue on more than face value of shares C. Issue on less than face value of shares D. Initial public offer

Last Answer : B. Issue on more than face value of shares

Description : Cancelation of shares mean A. Reissue of shares B. Valuation of shares C. Forfeiture of shares D. Allotment of shares

Last Answer : C. Forfeiture of shares

Description : What do you mean by DGTD ? A. Director General of Trade Development B. Director General of Total Development C. Director General of Technical Development D. None of these

Last Answer : C. Director General of Technical Development

Description : Have chip-card debit credit cards been a failure in the US?

Last Answer : I have had fewer problems with chip cards than I did with cards that only had a mag strip that got scratched and unreadable. And he problems seem to be the reader, not the cards. My cards also don’t get bent or sat upon. I have a metal wallet that I carry in my front pocket.

Description : Why are the ATM machines still busy, if people can pay with credit card, and debit card just about any store nowadays?

Last Answer : It doesn’t cost me anything to use the ATM at my bank. And sometimes I just want to pay with cash. If I’m out with friends, I pay my share with cash. At strange gas stations away from home I prefer to pay with cash. Buying a quick donut or sandwich, cash.

Description : Do you think it would be helpful to have our pictures on our credit or debit cards?

Last Answer : No, I do not think it is likely this would be helpful to me. Yes, there are banks that do it. The main reason it's considered helpful is to try to prevent use of your card by others. ... think it will confound many people in the case that someone does take your card, unless they're extremely dense.

Description : Do you bother to sign your debit/credit cards anymore, if you ever did.

Last Answer : No, I just scribble on the line. No one has ever questioned my about my signature.

Description : How to understand credit- and debit cards? (more info inside)

Last Answer : Credit card – spending money you don’t have. Debit card – Like writing a check.. but digitally.

Description : Who is responsible for credit card debit when someone dies?

Last Answer : The estate pays all debts before any inheritance is handed over.

Description : What's better when traveling, use your credit card to get cash or use your bank debit card?

Last Answer : I would guess that withdrawing cash from an ATM is cheaper using a debit card than a credit card as the credit card company nomally charge you a fee on top of the higher rate of interest.

Description : Why do banks care if you use debit or credit when paying with your bank card?

Last Answer : The law protects you if you use a credit card for purchases. You are not liable in case of fraud, etc. The bank must pay or go after the company, and you have limited liability. With a debit ... like gasoline or groceries. Instead, use your debit card to pay bills you are sure you owe, etc.

Description : My protagonist in a second childhood novel will use his credit & debit card from his previous life. What happens later?

Last Answer : OK, I can’t be bothered to write your novel for you unless I get a decent ghost’s pay, but here is a must. The whole thing begins to unravel when investigators of thse bogus charges made to the dead man’s credit cards track the purchases down to young Tanaka and charge him with murder.

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Description : Does having only a debit card do absolutely nothing for establishing credit?

Last Answer : It sounds like you need to get a credit card. Just pay most of the balance off every month (I think keeping a small balance is better than paying the entire balance off every month, but I'm not 100% ... . If you have a cell phone bill, rent, utilities, etc., that's another way to establish credit.

Description : Do you sign the back of your credit/debit card?

Last Answer : No, mine say “See ID”. They usually don’t ask me at all either, so when someone does I make sure I say something like “Thanks for asking for ID” so they know and will maybe do it for other customers, too.

Description : A purveyor of baked goods is approached by a man with a very low I.Q. who wants to buy some of the baker's creations; however, the man with the low I.Q. has no credit or debit cards, no ... denied any of the seller's goods. Who is this dolt who is trying to get something for nothing? -Riddles

Last Answer : Simple Simon met a pieman going to the fair. Says Simple Simon to the pieman, 'Let me taste your ware.' Says the pieman to Simple Simon, 'Show me first your penny.' Says Simple Simon to the pieman, 'Indeed, I have not any.

Description : What's the difference between a debit and a credit card ?

Last Answer : If you use debit card you spend money from your bank account and if you use credit card you will get it as your loan so you will have to repay the loan later. The advantage of a credit card is that ... anyone, you can borrow from that. As a result, you have to pay interest on the loan to the bank.

Description : SHOULD I REDUCE 401K DEDUCTION TO PAY CREDIT CARD DEBIT?

Last Answer : If your tax savings and 401K investment return combined are higher than your credit card debt interest, then no.

Description : Is it true is only credit card that can be linked to paypal account? And it's not possible with debit card?

Last Answer : One thing that I am sure about PayPal is the fact that they are one of the best international money transaction company that we have out there. This is to say that as a mode of operation, they ... at before deciding that it is not cool to allow users to link their debit cards to their accounts.

Description : (i) An error that affects debit as well as credit side, it is called as _______ errors.

Last Answer : Complete the following sentences : (i) An error that affects debit as well as credit side, ... of omission, the debit and credit are ___________

Description : (i) Excess of a total of debit side over a total of credit side of Cash Book, Bank column.

Last Answer : Give one word/term/phrase which can substitute each of the following statements: (i) Excess of a ... balance of the bank column of the Cash Book.

Description : When the total of debit side of an account exceeds credit side, it is called __________ balance. 

Last Answer : When the total of debit side of an account exceeds credit side, it is called __________ balance. (a) Debit (b) Credit (c) Nil (d) Real

Description : Excess of debit total of an account over it’s credit total indicates _____________ balance. 

Last Answer : Excess of debit total of an account over it’s credit total indicates _____________ balance. (a) Negative (b) Positive (c) Debit (d) Credit