Question

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 e 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
(6) Capital Reserve [ 10.00.000
(c) Goodwilt 300.000
(d) Capital Reserve 3,00.000​

Answer 1

Answer:

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