Q.4 Bosco Ltd. acquired a business and has agreed to pay a purchase consideration of Rs. 2,00,000/-
. The assets taken over are Rs.3,50,000/- whereas the liabilities assumed are Rs.4,00,000/-. What
is the amount that will be debited to Goodwill account or credited to Capital Reserve account-
(a) Goodwill account debited by Rs.4,40,000/-
(b) Capital reserve account credited by Rs.2,50,000/-
(c) Goodwill account debited by Rs.2,50,000/-
(d) Capital Reserve account credited by Rs.4,40,000/
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disposal of business assets where input tax credit has been availed shall be ... Rs. 1,00,00,000, may opt for payment of tax under Composition scheme. ... 3,50,000. 5,00,000. Compute the value of taxable supply of 'Desai Agro Care limited' for ... Mr. X for purchase of goods lying at godown in Pune and takes delivery
Explanation:
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