If two or more company come together and form anew company which takes over the assets and liabilities of the vendor companies it is called as

Related MCQs

• If the Assets of A ltd having Book Value of Rs 10,00,000 are taken over at Rs 15,00,000 and Liabilities having a book value of Rs 5,00,000 are taken over at Rs 4,00,000 than Purchase Consideration payable would be
• Long term assets being `3,00,000, current Assets `80,000, outside liabilities `1,20,000. Find owners equity-
• In non – profit organizations excess of assets over liabilities is called
• On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company
• The excess of assets over liabilities in non-trading concerns is termed as: Sol:
• The excess of assets over liabilities in non-trading concerns is treated as—
• The liabilities that are payable in more than a year and are not be liquidated from current assets
• The excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called Sol:
• A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalisation of average actual profit will be
• A firm earns ₹1,00,000. The normal rate of return is 10%. The assets of the company amounted to ₹11,00,000 and liabilities to ₹1,00,000. Value of goodwill by the capitalization of average actual profit will be Sol: