1.

If debentures of Rs. 4,50,000 are issued to the sellers for the consideration of net assets of Rs. 5,00,000 balance Rs. 50,000 will be credited to which account ? (A) Profit & Loss statement (B) Goodwill account (C) General Reserve A/C (D) Capital Reserve A/C

Answer»

Correct option is: (A) Profit & Loss statement



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