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Commerce · Q1944

Accounting

Graduate and Post Graduate · Commerce · question 1944

Q1944

If the fully paid-up shares of Rs. 80,000 are issued to sellers in consideration of net assts of Rs. 60,000 the balance of Rs. 20,000 will be

A.
Debited to profit and loss account
B.
Debited to Goodwill account
Answer
C.
Credited to capital reserve account
D.
Eradiated to security premium account

Answer: Option B

Solution

Answer: Option B
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