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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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