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CORPORATE ACCOUNTING

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  • 1. Multiple Choice
    30 seconds
    1 pt

    1) Two companies A Ltd and B Ltd go into liquidation to form a new company S Ltd. It is

    Amalgamation

    Absorption

    External Reconstruction

    None of the above

  • 2. Multiple Choice
    30 seconds
    1 pt

    As per AS – 14 purchase consideration is what is payable to

    Shareholders

    Creditors

    Debenture holders

    Share holders and Debenture holders

  • 3. Multiple Choice
    30 seconds
    1 pt

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

    Equity method

    Purchase method

    Pooling of interests method

    Consolidated method

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