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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 3 · Set 1 · Q12
Rhythm Ltd. took over assets of ₹ $\displaystyle 30,00,000$ and liabilities of ₹ $\displaystyle 12,00,000$ of Shyam Ltd. for a purchase consideration of ₹ $\displaystyle 23,00$,000. Excess value of purchase consideration of ₹ $\displaystyle 5,00,000$ over net assets will be :
Official answer
From CBSE’s own marking scheme for this paper.
(A)
Debited to Goodwill Account
Marking-scheme solution
(a)
Debited to Goodwill Account
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.