Q1724
ABC Ltd was incorporated with an authorized share capital of Rs. 1,00,000 equity shares of Rs. 10 each. The board of directors decided to allot 10,000 shares credited as fully paid to the promoters of the company for their services. Which account should be debited in the books of ABC Ltd?
A.
Promoter's account
B.
Service's account
C.
Goodwill account
AnswerD.
Share capital account
Answer: Option C
Solution
Answer: Option C
No explanation is given for this question Let's Discuss on Board