When amalgamation is in the nature of Purchase, the accounting method to be followed is:

Amalgamate adjustment account is opened in the books of transferee company to incorporate:

Goodwill arising on amalgamation is to be

Under pooling of interest method the difference between the purchase consideration and share capital of the transferee company should be adjusted to:

. Under purchase method the difference between the purchase consideration and share capital of the transferee company should be adjusted to:

. For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.

AS – 14 is not applicable if when transferee company acquires transferor company and transferor company;

11. A Ltd. and B Ltd. go into liquidation and a new company X Ltd. is formed. It is a case of:

X Ltd. goes into liquidation and a new company Z Ltd. is formed to take over the business of X Ltd. It is a case of:

X Ltd. goes into liquidation and an existing company Z Ltd. purchases the business of X Ltd. It is a case of:

(a)

(b)

(c)

. Accumulated profits include:

(a)

(b)

(c)

Liabilities (not accumulated profits) of a company include—

When the expenses of liquidation are to be borne by the vendor company, then the vendor company debits:

When the expenses of liquidation are to be borne by the purchasing company, then the purchasing company debits:

When the purchasing company makes payment of the purchase consideration, it debits:

The vendor company transfers preliminary expenses (at the time of absorption) to:

For paying liabilities not taken over by the purchasing company, the vendor company credits:

In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:

The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to: