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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
    Excess value of net assets over purchase consideration at the time of purchase of business is:                   (CBSE 2020)

    A) credited to capital reserve

    B) debited to goodwill account

    C) credited to the general reserve account

    D) credited to vendor's account  

    Correct Answer: A

    Solution :

    [a] credited to capital reserve


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