1.

Classify the following assets into suitable head Goodwill, Building, Land, Patent, Cash, Oilwell, Copy-write, Debtors, Stock, mines, Bill receivable, Preliminary expenses.

Answer»
Fixed AssetCurrent AssetIntangible Asset
BuildingCashGoodwill
LandDebtorsPatent
StockCopy write
Bill receivables

 

Wasting AssetFictitious Asset
Oil wellPreliminary Expenses
Mines



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