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The long term assets that have no physical existence but are rights that have value is known as
  • a)
    Current assets
  • b)
    Fixed assets
  • c)
    Intangible assets
  • d)
    Investments
  • e)
     
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The long term assets that have no physical existence but are rights th...
The long term assets that have no physical existence but are rights that have value is known as Intangible assets. An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets.
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The long term assets that have no physical existence but are rights that have value is known asa)Current assetsb)Fixed assetsc)Intangible assetsd)Investmentse)Correct answer is option 'C'. Can you explain this answer?
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The long term assets that have no physical existence but are rights that have value is known asa)Current assetsb)Fixed assetsc)Intangible assetsd)Investmentse)Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The long term assets that have no physical existence but are rights that have value is known asa)Current assetsb)Fixed assetsc)Intangible assetsd)Investmentse)Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The long term assets that have no physical existence but are rights that have value is known asa)Current assetsb)Fixed assetsc)Intangible assetsd)Investmentse)Correct answer is option 'C'. Can you explain this answer?.
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