Question
X Ltd. and Y Ltd. amalgamate to form a new company Z Ltd. X Ltd.’s assets are ₹50 lakh, liabilities ₹20 lakh. Y Ltd.’s assets are ₹30 lakh, liabilities ₹10 lakh. Purchase consideration paid by Z Ltd. is ₹55 lakh. What is the goodwill or capital reserve?
More Accounts Questions
- Which of the following is a key requirement from each department for the implementation of Zero-Based Budgeting (288) in an organisation?
- A type of market in which securities with less than one year maturity are traded, is classified as
- Capital budgeting involves the evaluation of:
- Underwriting commission for issue of shares, shall not exceed:
- Which of the following statements are true or false? Statement 1: Management of cash means management of cash inflow. Statement 2: Cash management always a...
- Within how many days should payment to an MSME supplier be made to allow it as an expense, for the computation of income under Income Tax Act?
- A contingent asset is:
- Opening work in process inventory can be calculated as under
- In an organization, the actual sales were ₹10 lakh while the budgeted sales were ₹12 lakh. The cost was ₹6 lakh vs budgeted cost of ₹7 lakh. What is the sa...
- An increase in the inventory holding period, all else being equal, will:
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
