Corporate Accounting 29-03-2023

Accumulated profits include:

• Provision for doubtful debts

• Superannuation fund

• Workmen's compensation fund

AS – 14 is not applicable if when transferee company acquires transferor company and transferor

company:

• Ceases to exist

• Separate entiry is Continue to exist

• Applied in all cases

• None of the above

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.

• 51%

• 90%

• 99%

• 100%

Under purchase method the difference between the purchase consideration and share capital of the

transferee company should be adjusted to:

• General reserve

• Amalgamation adjustment account

• Goodwill or capital reserve

• None of the above

Under pooling of interest method the difference between the purchase consideration and share

capital of the transferee company should be adjusted to:

• General reserve

• Amalgamation adjustment account

• Goodwill or capital reserve

• None of these