Question

(xiii) Purchase of net assets 3,00,000, purchase consideration is satisfied by issue of equity share
2,50,000 and by bank draft * 40,000. The difference is treated as -
(a) Goodwill
(b) Capital reserve
(c) Capital redemption reserve
(d) Security premium​

Answer 1

Answer:

Explanation:

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Answer 2

Capital reserve

Explanation:

Given:

Purchase of net assets =  3,00,000

Issue of Equity share = 2,50,000

Bank draft = 40,000

Computation of Goodwill or Capital reserve:

Goodwill or Capital reserve = Purchase of net assets - ( Issue of Equity share + Bank draft )

Goodwill or Capital reserve = 3,00,000 - ( 2,50,000 + 40,000 )

Goodwill or Capital reserve = 3,00,000 - 2,90,000

Capital reserve = 10,000

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