πŸ“Š Corporate Accounting
Q. Under purchase method, the excess of net assets over purchase consideration is ……….
  • (A) Debited to goodwill account
  • (B) Credited to goodwill account
  • (C) Credited to capital reserve account
  • (D) Debited to capital reserve account
πŸ’¬ Discuss
βœ… Correct Answer: (C) Credited to capital reserve account

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