Corporate quiz 21.2.23

The excess of purchase price over net assets is

• Goodwill

• Cspotal reserve

• Capital redemption reserve

• Revenue reserve

The excess of net assets over the purchase price is

• Good will

• Capital reserve

• Capital redemption reserve

• Revenue reserve

According to AS-14 Purchase consideration is what is payable to

• Equity share holders only

• Debenture holders only

• Shareholders and debenture holders

• Equity and preference shareholders

When amalgamation is in the nature of a merger,the accounting method to be followed is

• Equity method

• Pooling of interest method

• Purchase method

• Consolidated method

Accumulated losses in the vendor company should be transferred to

• Realisation a/c

• Purchasing company a/c

• Debenture holders a/c

• Equity share holders a/c