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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 1 · Set 3 · Q16
Akshita Ltd. issued fully paid shares of ₹ 5,00,000 in purchase consideration of net assets of ₹ 4,70,000. The balance of ₹ 30,000 will be to account.
Akshita Ltd. issued fully paid shares of ₹ $\displaystyle 5,00,000$ in purchase consideration of net assets of ₹ $\displaystyle 4,70$,000. The balance of ₹ $\displaystyle 30,000$ will be ______ to _______ account.
Maira Ltd. took over assets of ₹ $\displaystyle 12,00,000$ and liabilities of ₹ $\displaystyle 4,00,000$ of Subav Ltd. for an agreed purchase consideration of ₹ $\displaystyle 9,00$,000. The amount was payable by issue of $\displaystyle 11$% debentures of ₹ $\displaystyle 100$ each at $\displaystyle 10$% discount. The number of debentures issued will be :
Official answer
(a) → (A)
(b) → (B)
Marking-scheme solution
(a)
Debited, Goodwill
OR
Q. (ii) Maira Ltd. took over assets…………………
Ans (b) $\displaystyle 10,000$
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CBSE Class 12 Accountancy past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.