2023 · Q30
Goodwill Account is a/an
General Accounting Principles, Auditing and InsuranceAccounting concepts and conventions
- APersonal Account
- BReal Account
- CNominal Account
- DExpense Account
Explanation
Goodwill is an intangible asset and therefore a Real Account, the class to which all assets belong. It is not a Personal Account (A), which covers persons, nor a Nominal Account (C), which covers expenses, losses, incomes and gains. Hence B.