1. Current assets
  2. Fixed assets
  3. Intangible assets
  4. Investments

Accounting Mcqs Solution

Patents, Copyrights and Trademarks are 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.

  1. Current assets
  2. Fixed assets
  3. Intangible assets
  4. Investments

Accounting Mcqs Solution

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.