CUET Accountancy - Which account, and with what amount, will be debited for the excess amount of the net assets over purchase consideration at the time of the purchase of the business by XYZ Ltd,. | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Company Accounts

Medium

Goodwill Rs 35,000

Capital reserve Rs 35,000

Goodwill Rs 25,000

Capital reserve Rs 25,000

✅ Correct Option: 1

Related questions:

13 May Shift 1

Debentures are convertible into which of the following?

30 May Shift 1

Which of the following are the correct statements regarding debentures/debentures interest.

(A) The payment of interest on debentures is a charge on the profits of the company.

(B) Redeemable debentures are those debentures which are payable on the expiry of the specific period.

(D) Perpetual debentures are also known as irredeemable debentures.

Choose the correct answer from the options given below:

27 May Shift 2

Issue of Rs. 1,00,000, 9% debentures of Rs. 100 each at discount of 15% but redeemable at premium of 5%, the amount debited to loss on issue of debenture account is.

CUET Accountancy 2025 14 May Shift 2 PYQs

Keyboard Shortcuts