Question : The value of goodwill can be defined as excess of amount paid for business over and above its……..

Option 1: Total assets

Option 2: Current assets

Option 3: Net assets

Option 4: None of these

Question : It is defined as excess of current assets over current liabilities. Which concept is highlighted in the given statement?

Option 1: Fixed capital

Option 2: Working capital

Option 3: Captian structure

Option 4: None of the above

Question : The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called

Option 1: Surplus

Option 2: Reserve

Option 3: Super Profits

Option 4: Goodwill

Question : Which of the following statements is incorrect?

Option 1: Working Capital = Current Assets - Current Liabilities

Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund

Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets

Option 4: None of the above

Question : Which of the following statements is incorrect?

Option 1: Working Capital = Current Assets - Current Liabilities

Option 2: Current Liabilities = Total Assets - Non-Current Liabilities - Shareholder's fund

Option 3: Working Capital = Equity Share Capital + Reserves & Surplus - Long Term Loan - Non-Current Assets

Option 4: None of the above