5. Book Publishing Co. purchased a running business from United Jung Publishing Co.
for a sum of 60,00,000. Company received from vendor these assets and liabilities in
this running business
Plant and machinery 40,00,000, furniture # 5,00.000, debtors ? 8,00,000; land and
building 20,00,000 and creditors 3,00,000 What will be the amount of goodwill or
capital reserve, as per the given information?
a) Goodwill 1000.000
for ourvu 10,00.000
Goodwit 300.000
d) Capital Reserve 300.000
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