In the case of joint stock company, goodwill is shown on the asset side under the head.
A)Non current asset
B)Investment
C)Current asset
D)Miscellanious expenditure

Question

Quizplus · Accepted Answer

Goodwill is considered a non-current asset because it is an intangible asset that provides value to a business over a long period of time, not just within the current accounting year. It represents the value of a company's brand, reputation, customer relationships, and other intangible factors that contribute to its overall worth beyond its tangible assets.

In the Case of Joint Stock Company, Goodwill Is Shown