Accounting for Amalgamation Absorption and External MCQ
Table of Contents
Accounting for Amalgamation Absorption and External MCQ
11. In case of ………….., one existing company takes over the business of another
company and no new company is formed.
12. In amalgamation of two companies
13. When purchasing company pays purchase consideration, it will be debited to
14. When the purchasing company bears the liquidation expenses, it will debit the
expenses to
15. When the Vendor (seller) company agrees to bear liquidation expenses, it will debit
16. When the purchasing company does not take over a particular liability and the
vendor company pays that liability, it will debit it to
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17. When the Net Assets are less than the Purchase Consideration, the difference will
be
18. While calculating purchase consideration …………… values of assets is to be
considered.
19. Net Assets minus Capital Reserve is _________
20. Hitesh Ltd.’s purchase consideration is Rs.12,345 and Net Assets Rs.3,568,
then……….
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