Question

If Vendors are issued debentures of ₹ 80,000 in consideration of net assets of ₹ 1,00,000, the balance of ₹ 20,000 will be credited to ______.

Options

• Statement of Profit & Loss

• Goodwill Account

• General Reserve Account

• Capital Reserve Account

Answer 1

If Vendors are issued debentures of ₹ 80,000 in consideration of net assets of ₹ 1,00,000, the balance of ₹ 20,000 will be credited to capital reserve account.