On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company
A) is closed by debit to Realisation A/c
B) is closed by debit to Equity Shareholders A/c
C) is closed by debit to Profit & Loss A/c
D) is closed by credit to Equity Shareholders A/c
Correct Answer:
Verified
Q2: On amalgamation, if the dissolution expenses are
Q3: Amalgamation adjustment reserve is opened in the
Q4: Loss or profit on realisation a/c is
Q5: If two or more company come together
Q6: At least of the designated partners of
Q7: _is a person who is designated as
Q8: The Charter document or the formation document
Q9: If there is conversion of private limited
Q10: Prepaid expenses are shown under
A)Loans and advances
Q11: In absence of LLP agreement the mutual
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