Question

What are the example of unrecorded assets

Answer 1

Answer:

Unrecorded assets are those assets which had forgotten to record in book like unrecorded investment, goods given by new partner etc. It arises at the time of balancing of balance sheet. What category should Goodwill be in (current assets, intangible current assets, fixed assets or intangible fixed assets)?

Explanation:

Answer 2

Answer:

Unrecorded assets are those assets which had forgotten to record in book like unrecorded investment, goods given by new partner etc. It arises at the time of balancing of balance sheet. What category should Goodwill be in (current assets, intangible current assets, fixed assets or intangible fixed assets)?