passwella.
Menu

JAMB Principles of Accounts 2012 Question 19

Question 19

Final Accounts of a Sole Trader

Which of the following is an item of special assets?

  1. A.Fixed assets
  2. B.Current assets
  3. C.Trademark
  4. D.Gratuity.
Show the answer and explanation

Answer: C (Trademark)

Explanation

A trademark is an intangible asset, listed separately from ordinary fixed and current assets.