App Logo

No.1 PSC Learning App

1M+ Downloads
If vendors are issued fully paid shares of Rs. 1,00,000 in con- sideration of net asset worth Rs.85,000, the balance of Rs. 15,000 will be debited to

AGoodwill Account

BProfit & Loss Account

CCapital Reserve Account

DNone of these

Answer:

A. Goodwill Account


Related Questions:

A banker may refuse to honor a cheque if:

  1. There is a legal bar preventing the payment of the cheque

  2. The cheque is handwritten

  3. The customer has made any online transaction on the same day

_______ expenditure are for keeping the quantity and quality of assets unaltered.
Cash Credit account is :
Who can open crossed cheque?
Checking the transfer of balance from the Ledger to the Trial Balance comes under the face of ............. in Auditing.