Free account: track your progress — Sign up free

JAMB Accounting 2020 Objective — Question 36

Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

36. Goodwill is a

A. A. Fictitious assetCorrect
B. B. Fixed asset
C. C. Current asset
D. D. Investment

Explanation

Goodwill is a fictitious asset because it cannot be seen nor touched.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2020 Objective More Accounting past papers