Promoter's A/c
Service's A/c
Goodwill A/c
Share Capital A/c
Answer is Right!
Answer is Wrong!
The correct answer is D. Share Capital A/c.
When a company allots shares to its promoters, the share capital account is debited with the face value of the shares allotted. In this case, the face value of each share is Rs. 10, so the share capital account will be debited by Rs. 100,000 (10,000 shares x Rs. 10 per share).
The other options are incorrect because:
- Promoter’s A/c is a nominal account that is credited with the amount received from the promoters for their shares.
- Service’s A/c is a revenue account that is credited with the amount of money received for services rendered.
- Goodwill A/c is an intangible asset account that is credited with the amount of goodwill paid to the promoters.
I hope this explanation is helpful. Please let me know if you have any other questions.