2. Questions Bank
  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
    If vendors are issued fully paid shares of Rs. 1,25,000 in consideration of net assets of Rs. 1,50,000, the balance of Rs. 25,000 will be credited to:

    A) Statement of Profit & Loss

    B) Goodwill Account

    C) Security Premium Reserve Account

    D) Capital Reserve Account                                

    Correct Answer: C

    Solution :

    [c] Security Premium Reserve Account


You need to login to perform this action.
You will be redirected in 3 sec spinner