If vendors are issued fully paid shares of ₹ 1,00,000 in consideration of net assets of ₹ 1,20,000 the balance of ₹ 20,000 will be credited to :
A. Goodwill Account
B. Capital Reserve Account
C. Vendor’s Account
D. Profit & Loss Account
Answer:B
If vendors are issued fully paid shares of ₹ 1,00,000 in consideration of net assets of ₹ 1,20,000 the balance of ₹ 20,000 will be credited to :
A. Goodwill Account B. Capital Reserve Account C. Vendor’s Account D. Profit & Loss Account