Accounting for Amalgamation Absorption and External MCQ
Table of Contents
Accounting for Amalgamation Absorption and External MCQ
21. The original amount of preference share capital should be transferred to …………
account in the time of amalgamation in the books of vendor co.
22. The share capital, to the extent already held by the purchasing company, is closed
by the vendor company by crediting it to:
23. In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:
24. The vendor company transfers preliminary expenses (at the time of absorption) to:
25. A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of:
Also Read :-
26. For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
27. As per AS–14 purchase consideration is what is payable to
28. In the case of ………………………. only one of the combining companies survives
and the other losses its separate identity.
29. ……………….is the amount payable by the purchasing companies to the vendor
company for taking over the business of vendor company.
30. In absorption there is one ……………………and no formation.
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