Accounting Multiple Choice Question – 21 July 2022

Under which heading should negative Goodwill be included in a company’s Balance Sheet?

Select ONE answer:

1. capital reserves
2. intangible fixed assets
3. revenue reserves
4. share capital

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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