Treatment of following in balance sheet1 Issued rs 50,000 equity shares to signatories of memorandum of associationin this case one effect would be shown in share capital in equity and liability side but what effect would it have on asset side so that balance of asset and liability side remains same

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Dear Student,
When shares were issued to signatories of memorandum of association, in this case goodwill account will be debited. Thus, on the assets side, goodwill account will be shown.

Hope this answers your query.

All the Best

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Dear Student, When shares were issued to signatories of memorandum of association, in this case goodwill account will be debited. Thus, on the assets side, goodwill account will be shown. Hope this answers your query. All the Best

Dear Student,
When shares were issued to signatories of memorandum of association, in this case goodwill account will be debited. Thus, on the assets side, goodwill account will be shown.

Hope this answers your query.

All the Best