Which of the following items are part of Intangible non current Assets:
A. Patents
B. Furniture
C. Statement of Profit & Loss A/c (Dr)
D. Goodwill
E. Trademark
Choose the correct answer from the options given below:
Which of the following items are part of Intangible non current Assets:
A. Patents
B. Furniture
C. Statement of Profit & Loss A/c (Dr)
D. Goodwill
E. Trademark
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 3
Intangible non-current assets do not have physical existence. Patents, Goodwill and Trademarks satisfy this. Furniture is a tangible fixed asset. Debit balance of Statement of Profit and Loss is shown as a negative item under Reserves and Surplus, not as an intangible asset.
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