corporate accounting 10-02-2023

As per AS-14 purchase consideration is payable to ________________

• Shareholders

• Creditors

• Debenture holders

• Bank

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to______

• Realisation Account

• Bank Account

• Liability Account

• Creditors Account

When the Net Assets are less than the Purchase Consideration, the difference will be

• Debited to Goodwill A/c

• Debited to General Reserve

• None of these

• Debited to Capital Reserve

While calculating purchase consideration ............... values of assets is to be considered.

• Book value

• Revalued price

• Average price

• Capital

Net Assets minus Capital Reserve is _________

• Goodwill

• Total assets

• Purchase consideration

• None of these