Commerce in Business Management : Practice MCQ Questions & Answers with Explanations

The original amount of preference share capital should be transferred to ...................account in the time of amalgamation in the books of vendor co.

While calculating purchase price, the following values of assets are considered

While calculating purchase consideration ....................values of assets is to be considered

Which of the following statement is correct?

When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................

When the Vendor (seller) company agrees to bear liquidation expenses, it will debit

When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to

When the purchasing company bears the liquidation expenses, it will debit the expenses to

When shares issued at premium which of the following account is credited?

When purchasing company pays purchase consideration, it will be debited to

When one of the existing companies take over business of another company or companies, it is known as ...........

When liquidation expenses is paid and borne by seller company then it is debited to

When company purchases the business of another company ................comes into existence.

Trade Payables are recorded in .............

The shares received from the new company is recorded at

The minimum share Application money is

The Amalgamation Adjustment Account appears in the books, it is shown under the heading of ......... in the balance sheet.

Shares received from the new company are recorded at

Share allotment account is a

Section .............of companies act 1956 deals with the scheme of stock invest