A limited company issued 13,000 shares of Rs. 100 each to purchase the business consisting following assets and liabilities.
| Current assets | Rs. 2,00,000 |
| Furniture | Rs. 1,50,000 |
| Other fixed assets | Rs. 12,00,000 |
| Current liabilities | Rs. 3,00,000 |
Required: Entry for purchase of business
Ans: Goodwill Rs. 50,000
Asked Years
