Question
A trade mark is an example of ______.
The correct answer is
Intangible assets
The correct answer is option 2. A trademark is an intangible asset as it represents a legal right and does not have a physical form but holds value for the business.
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Important Questions from Assets & Liabilities
The freight and insurance paid for acquiring goods or for making them saleable is ________.
Which of the following is NOT regarded as a capital expenditure?
Which concept enables the accountant to carry forward the values of assets and liabilities from one accounting period to the other without asking the question about usefulness and worth of the assets and recoverability of the receivables?
Which of the following is NOT regarded as a revenue expenditure?
Which one of the following is a revenue expenditure?
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