Multiple Choice
Loss or profit on realisation a/c is transferred by the transferor company, under amalgamation to
A) Preference shareholders a/c
B) Equity Shareholders Account
C) Profit & loss appropriation a/c
D) Debentureholders Account
Correct Answer:

Verified
Correct Answer:
Verified
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
Q19: The amount of credit purchases can be
Q20: In the case of net worth method
Q21: If there is conversion of private limited
Q23: At least of the designated partners of
Q24: Normally single entry system is suitable for:<br>A)Small