Multiple Choice
Amalgamation adjustment reserve is opened in the books of transferee company to incorporate
A) The assets of the transferor company
B) The liabilities of the transferor company
C) The statutory reserves of the transferor company
D) Goodwill of Transferor company
Correct Answer:

Verified
Correct Answer:
Verified
Q8: If Building (closing) Rs.100,000, Land (opening) Rs.
Q9: If opening capital is Rs.10,000 & closing
Q10: Prepaid expenses are shown under<br>A)Loans and advances
Q11: _is a person who is designated as
Q12: In single entry system profit is calculated
Q14: Opening capital is obtained by preparing:<br>A)Debtors account<br>B)Creditors
Q15: Statements of assets & liabilities prepared under
Q16: If two or more company come together
Q17: In Single entry mostly:<br>A)Personal aspects of transaction
Q18: In single entry two-fold aspect of transaction