Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Answer: Option C
Solution(By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
Any expense that gives benefit for a period of less than twelve months is called ________.
A. Capital expense
B. Revenue expense
C. Revenue receipt
D. Deferred expense