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

Related MCQs

• ……………….is the amount payable by the purchasing companies to the vendor company for taking over the business of vendor company.
• 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:
• When the Vendor (seller) company agrees to bear liquidation expenses, it will debit
• When the purchasing company bears the liquidation expenses, it will debit the expenses to
• When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to
• The share capital, to the extent already held by the purchasing company, is closed by the vendor company by crediting it to:
• Preliminary expenses not written off are shown in the balance sheet under the head…
• 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.
• Loss Prior to incorporation is treated as ........... Loss, and Vendor’s Salaries are chargeable to ................ incorporation period.