Practicing Success
Blue Prints Ltd., purchased a building worth ₹1,50,000, machinery worth ₹1,40,000, and furniture worth ₹10,000 from XYZ Co. for a purchase consideration of ₹3,15,000. What will be the amount of goodwill? |
₹30000 ₹15000 ₹20000 ₹35000 |
₹15000 |
Since the purchase consideration is more than the net assets taken over, the difference has been debited to the goodwill account. |