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Fill in the Blanksin Case of Amalgamation, If the Value of Net Assets Taken Over is More than the Payment Made, the Difference is TenμEd as ________ - Financial Accounting(Financial Accounting and Auditing 9)

Fill in the blanks
In case of Amalgamation, if the value of net assets taken over is more than the payment made, the difference is tenμed as________and if the value of net assets taken is less than the payment made, the difference is termed as______

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Solution

Goodwill , Capital Reserve.

Concept: Amalgamation

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Fill in the Blanksin Case of Amalgamation, If the Value of Net Assets Taken Over is More than the Payment Made, the Difference is TenμEd as ________ - Financial Accounting(Financial Accounting and Auditing 9)

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