AMALGAMATION AND ABSORPTION

Write your name....

Enter your complete class roll no........................

Select your class with section...............

• B.com 4th Sem. Sec A

• B.com 4th Sem. sec B

• B.com 4th Sem Sec C

• B.com 4th Sem Sec D

• B.com. 4th Sem Sec E

which subject classes covered more than 80% syllabus?

• Corporate Accounting

• Corporate Law

• BRF

• Business Statistics

• SP

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

• AMALGAMATION

• ABSORPTION

• INTERNAL RECONSTRUCTION

• EXTERNAL RECONSTRUCTION

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

• Amalgamation

• Absorption

• Internal reconstruction

• External reconstruction

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

• Book value

• New values fixed

• Average values

• Market values

Shares received from the new company are recorded at

• Face value

• Market value

• Average price

• None of the above

If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.

• Lifo method

• Weighted method

• Fifo method

• Uniform

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

• Reserve and Surplus

• Investments

• Fixed Assets

• Miscellaneous expenditure