If debentures of ₹ 4,50,000 are issued for the consideration of net assets of ₹ 5,00,000 balance ₹ 50,000 will be credited to:
A. Profit & Loss A/c
B. Goodwill A/c
C. General Reserve A/c
D. Capital Reserve A/c
Answer:D
If debentures of ₹ 4,50,000 are issued for the consideration of net assets of ₹ 5,00,000 balance ₹ 50,000 will be credited to:
A. Profit & Loss A/c B. Goodwill A/c C. General Reserve A/c D. Capital Reserve A/c