Question

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) Securities premium account
(c) Vendor’s Account
(d) Profit & Loss Account

Answer 1

Answer:

c. vendors account

Explanation:

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