A company may allot fully paid shares to promoters or any other party for the services rendered by them, share capital account is credited and ............ debited.

CS Executive · Corporate and Management Accounting · PYQS · June 2024
A company may allot fully paid shares to promoters or any other party for the services rendered by them, share capital account is credited and ............ debited.
(A) Preliminary expenses account
(B) Goodwill account
(C) Capital reserve account
(D) Suspense account

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Corporate Accounting

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