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  3. 12th Class
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  5. Accounting For Share Capital

12th Class Accountancy Accounting For Share Capital Question Bank MCQs - Accounting for Share Capital

  • question_answer
    Vinod Ltd. Purchased a running business from Tata Ltd. for a sum of Rs.22,00,000 by issuing 20,000 fully paid Equity Shares of Rs.100 each at a premium of 10%. Total Assets were Rs.26,00,000 and Bills payable Rs.2,50,000. Amount of Goodwill/Capital Reserve will be:

    A) 4,00,000 Capital Reserve

    B) 4,00,000 Goodwill

    C) 1,50,000 Capital Reserve

    D) 1,50,000 Goodwill

    Correct Answer: C

    Solution :

    1,50,000 Capital Reserve


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