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  3. 12th Class
  4. Accountancy
  5. Accounting For Share Capital

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

  • question_answer
    Aryan Ltd. purchased a running business of GN Ltd. consisting Assets of Rs.30,00,000 and liabilities of Rs.5,00,000 at a purchase consideration of Rs.23,00,000. Amount of Capital Reserve/Goodwill at the time of purchase of business______

    A) Rs.2,00,000 Goodwill

    B) Rs.2,00,000 Capital Reserve

    C) Rs.4,00,000 capital Reserve

    D) Rs.5,00,000 Goodwill

    Correct Answer: B

    Solution :

    Rs.2,00,000 Capital Reserve


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