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Commerce · Q617

Accounting

Graduate and Post Graduate · Commerce · question 617

Q617

If vendors are issued debentures of Rs. 1,00,000 in consideration of net assets of Rs. 1,20,000, the balance of Rs. 20,000 will be credited to:

A.
Goodwill Account
B.
Capital Reserve Account
Answer
C.
Profit and Loss Account
D.
General Reserve Account

Answer: Option B

Solution

Answer: Option B
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