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: