Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

Advanced Accounting-II MCQ | T.Y. B.Com. Sem-III Subject: –

25) The main object of Amalgamation is ………………

a) To maximum common benefits

b) To reduce Internal Competition

c) To minimize Common Expenses

d) All the above

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26) Excess of purchase consideration over net asset is ……………

a) Profit

b) Goodwill

c) Capital Reserve

d) None

27) The difference between book value of liability & actual payment of liability is transfer to …………..

a) Profit & Loss A/c

b) Goodwill A/c

c) Capital Reserve

d) Realisation A/c

28) Sundry assets are transfer to Realisation Account at ………………

a) Agreed Value

b) Book Value

c) Lower Value

d) None

29) When Realisation expenses are paid and born by old company it is debited to …………..

a) Profit & Loss A/c

b) Realisation A/c

c) New Company A/c

d) None

30) When Realisation expenses are paid and borne by purchasing company, old company will debit to …………

a) Profit & Loss A/c

b) Realisation A/c

c) Goodwill A/c

d) No Entry

Also Read :-

1. Marketing Management MCQs
2.  Digital Business Management MCQs
3.  Cost Accounting MCQs
4.  Join Our Telegram Channel