Capital Reserve A/c is credited with the difference amount: (a). When the value of net assets is less than the

Question:

Capital Reserve A/c is credited with the difference amount: 

(a). When the value of net assets is less than the purchase price 

(b). When the value of net assets is greater than the purchase price 

(c). (a) and (b) 

(d). None of the above

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Related Book For  answer-question

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

Question Details
Chapter # 5- ACQUISITION OF BUSINESS,,
Section: Multiple Choice Questions
Problem: 9
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Question Posted: August 31, 2023 12:11:16