Question:
Data Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liability of ₹ 50,000 from Sona Ltd. It was agreed that purchase consideration will be settled by cheque of ₹ 1,00,000 and by issue of ₹ 2,00,000. 10% debentures at premium of 25%. The Amount of goodwill/capital reserve will be
Data Ltd. purchased assets of the book value ₹ 4,00,000 and took over the liability of ₹ 50,000 from Sona Ltd. It was agreed that purchase consideration will be settled by cheque of ₹ 1,00,000 and by issue of ₹ 2,00,000. 10% debentures at premium of 25%. The Amount of goodwill/capital reserve will be
Updated On: Sep 19, 2024
- ₹ 30,000 Capital reserve
- ₹ 30,000 goodwill
- ₹ 50,000 Capital reserve
- There will not be any Goodwill or Capital Reserve
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The Correct Option is D
Solution and Explanation
The correct option is (D) :There will not be any Goodwill or Capital Reserve.
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