If vendors are issued fully paid shares of 1,25,000 in consideration of net assets of ?1,50,000, the balance of 25,000 will be credited to :
A) Statement of Profit & Loss
B) Goodwill Account
C) Security Premium Reserve Account
D) Capital Reserve Account
Correct Answer:
Verified
Q11: Shares issued by a company to its
Q12: Public subscription of shares include :
A)To Issue
Q13: Issue of shares at a price lower
Q14: Persons who start a company are called
Q15: Share Application Account is in the nature
Q17: Premium on the issue of shares should
Q18: From which account, expenses on issue of
Q19: Pro-rata allotment of shares is made when
Q20: If applicants for 80,000 shares were allotted
Q21: If 500 shares of 10 issued at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents