corporate accounting 09-02-2023

In case of amalgamation, miscellaneous expenses are shown ................

• ) New Company Account

• Equity Shareholders Account

• Cash Account

• Realization Account

If the intrinsic values of shares exchanged are not equal, the difference is paid in ...........

• Cash

• Debenture

• Pref. share

• Assets

In case of .............., one existing company takes over the business of another company and no new company is formed.

• Amalgamation

• Absorption

• Reconstruction

• None of the Above

The assets which is not taken under the net assets method of calculating Purchase Consideration is:

• Loose Tools

• Bills Receivable

• Machinery

• Share issued expenses

When purchasing company pays purchase consideration, it will be debited to

• Business purchase account

• Assets account

• Liquidator of vendor company’s account

• Purchasing Company account