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What happens to the balance of Profit and Loss Account of the transferor company in an amalgamation in the nature of merger?
  • a)
    It is merged into the balance of Profit and Loss Account of the transferee company.
  • b)
    It is shown as a separate line item in the balance sheet of the transferee company.
  • c)
    It is distributed among the shareholders of the transferor company.
  • d)
    It is not considered in the amalgamation process.
Correct answer is option 'A'. Can you explain this answer?
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What happens to the balance of Profit and Loss Account of the transfer...
In an amalgamation in the nature of merger, the balance of the Profit and Loss Account of the transferor company is merged into the balance of the Profit and Loss Account of the transferee company.
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What happens to the balance of Profit and Loss Account of the transferor company in an amalgamation in the nature of merger?a)It is merged into the balance of Profit and Loss Account of the transferee company.b)It is shown as a separate line item in the balance sheet of the transferee company.c)It is distributed among the shareholders of the transferor company.d)It is not considered in the amalgamation process.Correct answer is option 'A'. Can you explain this answer?
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What happens to the balance of Profit and Loss Account of the transferor company in an amalgamation in the nature of merger?a)It is merged into the balance of Profit and Loss Account of the transferee company.b)It is shown as a separate line item in the balance sheet of the transferee company.c)It is distributed among the shareholders of the transferor company.d)It is not considered in the amalgamation process.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What happens to the balance of Profit and Loss Account of the transferor company in an amalgamation in the nature of merger?a)It is merged into the balance of Profit and Loss Account of the transferee company.b)It is shown as a separate line item in the balance sheet of the transferee company.c)It is distributed among the shareholders of the transferor company.d)It is not considered in the amalgamation process.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What happens to the balance of Profit and Loss Account of the transferor company in an amalgamation in the nature of merger?a)It is merged into the balance of Profit and Loss Account of the transferee company.b)It is shown as a separate line item in the balance sheet of the transferee company.c)It is distributed among the shareholders of the transferor company.d)It is not considered in the amalgamation process.Correct answer is option 'A'. Can you explain this answer?.
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