Select the heading under which each of the items in the following questions should generally appear in the chart of accounts of a public company.
-Amortisation of goodwill:
A) asset
B) liability
C) shareholders' equity
D) expense.

Question

Quizplus · Accepted Answer

Amortisation of goodwill is a type of expense, as it represents the gradual write-off of the value of the intangible asset of goodwill over its estimated useful life.

Select the Heading Under Which Each of the Items in the Following