Multiple Choice Questions on In a Company rsquo s Balance Sheet hellip hellip hellip hellip hellip hellip hellip appear under the........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

In a Company rsquo s Balance Sheet hellip hellip hellip hellip hellip hellip hellip appear under the...........

General Accounting Principles Company Final Accounts
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    In a Company’s Balance Sheet …………………. appear under the head ‘non-current assets’.

    Goodwill

    Incorrect Answer

    Patents

    Incorrect Answer

    Vehicles

    Incorrect Answer

    All of the above

    Correct Answer
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    Explanation:

    Examples of noncurrent or long-term assets include:

    • Cash surrender value of life insurance
    • Certain investments in other corporations
    • Plant assets such as land, buildings, equipment, furnishings, vehicles, leasehold improvements
    • Intangible assets such as patents, goodwill, trademarks, mailing lists

    By: Subhash Singh
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