When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................

Related MCQs

• In case of .............., one existing company takes over the business of another company and no new company is formed
• When one of the existing companies take over business of another company or companies, it is known as ...........
• If the two companies have different accounting policies in respect of the same item, then they make necessary changes to adopt .............. accounting policies.
• Shares received from the new company are recorded at -