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    Question

    In case of amalgamation in the nature of purchase, the

    excess of purchase consideration over the net assets is debited to:
    A Capital reserve account Correct Answer Incorrect Answer
    B Goodwill account Correct Answer Incorrect Answer
    C Profit & loss account Correct Answer Incorrect Answer
    D General reserve account Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next

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