Q. If debentures of the nominal value of Rs. 1,00,000 are issued at discount of 10% for net assets worth Rs. 80,000, the balance of Rs. 10,000 will be debited to: (Solved)

1. Goodwill Account

2. Capital Reserve Account

3. Profit & Loss Account

4. Suspense account

  • a. Goodwill Account
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