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In case of amalgamation in the nature of purchase, Fixed Assets; Current Assets; Total Debts; Debit balance of Profit and Loss A/c and Purchase Consideration are ?25,60,000; ?12,50,000; ?11,30,000; ?2,20,000; and ?24,00,000 respectively. The amount of Capital Reserve of Goodwill will be

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The syllabus (with weightage):
A. GAAP and Accounting Standards 20%
B. Accounting of Business Combinations & Restructuring 20%
C. Consolidated Financial Statements 20%
D. Developments in Financial Reporting 25%
E. Government Accounting in India 15%


In case of amalgamation in the nature of purchase, Fixed Assets; Current Assets; Total Debts; Debit balance of Profit and Loss A/c and Purchase Consideration are ?25,60,000; ?12,50,000; ?11,30,000; ?2,20,000; and ?24,00,000 respectively. The amount of Capital Reserve of Goodwill will be






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