According to IAS_38 Intangible asset,is internally generated Good will recognized as an asset ? A) Yes B) No

B) No , internally generated goodwill must be charged to expense when incurred.

B is the answer. (However, purchased good will is recognized as an asset )

Internally Generated Goodwill is not allowed to recognize as asset as per IAS38. There are number of reasons behind this restriction.

Absolutely not ..........................................................                                                                 

Well, According to IAS38, Internally generated goodwill cannot be recognised as it do not met the criteria for recognition of Intangible asset. i.e. 

Reliable Measurement is not possible for internally generated goodwill, although it has future economics benefits.

Identifiability: an intangible asset is identifiable when it: [IAS38.12]

• is separable (capable of being separated and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract) or  
• arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations.

Identifiability: an intangible asset is identifiable when it: [IAS38.12]

• is separable (capable of being separated and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract) or  
• arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the entity or from other rights and obligations.

A) YES it will be considered as an asset

Answer is No ...............................

No. it can not be recognized as an intangible asset.

yes good will is intangibel asset for a business concern

yes it will be recognized as assets

NO 

internally generated goodwill wont be consider as as intangible assets under this standerd