Use the information below to answer this question.
Dangote acquired Dantata’s business for N350,000. The total asset work were N820,000 and liabilities amounted to N 640,000
The double entry to record the goodwill in the books is debt
a
purchase of business account and credit cash account
b
goodwill account and credit purchase of business account
c
cash account and credit goodwill account
d
goodwill account and credit cash account
Explanation
Correct Option
bVideo Explanation
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