![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
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 |
Answer» C. Credited to capital reserve account |
View all MCQs in
Corporate AccountingNo comments yet