Q748
A public company acquired the following assets and liabilities of a firm : Building Rs. 25,000, Machinery Rs. 15,000 Debtors Rs. 10,000, Stock Rs. 15,000 and Creditors Rs. 8,000. What will be the amount of goodwill or capital reserve if the purchase consideration of the business was Rs. 54,000.
A.
Rs. 3,000 goodwill
B.
Rs. 3,000 Capital reserve
AnswerC.
Rs. 11,000 Goodwill
D.
Rs. 11,000 Capital reserve
Answer: Option B
Solution
Answer: Option B
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