Loss or profit on realisation a/c is transferred by the transferor company, under amalgamation to

Related MCQs

• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________
• On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• According to AS 14, Transferor company means the company__________
• According to AS 14, Transferor company means the company__________
• Net profit / loss is transferred to the ______ account
• Profit and loss on Depreciation Investment Fund A/c is transferred to —
• If Average Profit of a certain firm for last five years is Rs5,00,000 , Normal profit is Rs 3,50,000/-. What would be the Value of Goodwill at 3years purchase of super profit