Multiple Choice
If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as
A) external reconstruction
B) Internal Reconstruction
C) absorption
D) Amalgamation
Correct Answer:

Verified
Correct Answer:
Verified
Q11: _is a person who is designated as
Q12: In single entry system profit is calculated
Q13: Amalgamation adjustment reserve is opened in the
Q14: Opening capital is obtained by preparing:<br>A)Debtors account<br>B)Creditors
Q15: Statements of assets & liabilities prepared under
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