Question

If vendors are issued fully paid shares of Rs.2,00,000 in consideration of net assets of Rs.1,80,000, the balance of Rs.20,000, will be debited to

• A. P&L a/c
• B. Goodwill a/c
• C. Capital reserve a/c
• D. General reserve a/c

Answer 1

Answer:

B. Goodwill a/c

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