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Q. |
On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company |
A. | (a) is closed by debit to Realisation A/c |
B. | (b) is closed by debit to Equity Shareholders A/c |
C. | (c) is closed by debit to Profit & Loss A/c |
D. | (d) is closed by credit to Equity Shareholders A/c |
Answer» B. (b) is closed by debit to Equity Shareholders A/c |
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