Question : In the case of Non–purchased goodwill account can:

Option 1: Be partially raised in the books

Option 2: Never be raised in the books

Option 3: Both 1 and 2

Option 4: None the these

Question : When goodwill is not a purchased goodwill, Goodwill

Option 1: Is not recognized in the books of account

Option 2: Is recognized in the books of account

Option 3: May or may not be recognized in the books of account

Option 4: Is partly recognized in the books of account

Question : Increase in value of Goodwill means___________

Option 1: Goodwill purchased

Option 2: Non purchased goodwill ( self - Generated goodwill )

Option 3: Both 1 and 2

Option 4: None of the above

Question : Increase in value of Goodwill means___________

Option 1: Goodwill purchased

Option 2: Non purchased goodwill ( self - Generated goodwill )

Option 3: Both 1 and 2

Option 4: None of the above

Question : As per __________, only purchased goodwill can be shown in the Balance Sheet: 

Option 1: AS 37 

Option 2: As 26 

Option 3: Section 37 

Option 4: AS 37