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

Related MCQs

• 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:
• ……………….is the amount payable by the purchasing companies to the vendor company for taking over the business of vendor company.
• The maximum extent to which a company can raise share‐capital is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ capital.
• When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• The original amount of preference share capital should be transferred to ............ account in the time of amalgamation in the books of vendor co.
• On an equity share of Rs. 20, the company has called up Rs. 16 but Rs.14 has been received by the company, the share capital account should be credited by ……
• In case of subdivision of share capital, the amount of share capital……….
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in -------------