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Commerce · Q1513

Accounting

Graduate and Post Graduate · Commerce · question 1513

Q1513

If debenture valuing Rs. 3,25,000 were issued against net assets of Rs. 3,50,000 the balance of Rs. 25,000 would be credited to-

A.
Capital reserve account
Answer
B.
General reserve account
C.
Profit and loss account
D.
Goodwill account

Answer: Option A

Solution

Answer: Option A
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