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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 Account and Purchase consideration are - ?5120000, ?2500000, ?2260000, ?440000, ?4800000 respectively. The amount of capital reserve or 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 Account and Purchase consideration are - ?5120000, ?2500000, ?2260000, ?440000, ?4800000 respectively. The amount of capital reserve or Goodwill will be






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