Which of the following a/c is debited when statutory reserve of the transferor company is taken over by the transferee company?

Related MCQs

• While preparing the transferee company’s financial statement under amalgamation in the nature of merger, the assets and liabilities taken over from the transferor company should be incorporated at ----------
• While preparing the transferee company’s financial statement under amalgamation in the nature of purchase, the assets and liabilities taken over from the transferor company should be incorporated at --------
• The excess of purchase consideration over net assets of the transferor company acquired by the transferee company should be recognized as -------- in purchase method
• In purchase method, the excess of net asset of the transferor company acquired by the transferee company over the purchase consideration should be recognized as ------------
• For amalgamation in the nature of merger, the shareholders holding at least or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
• Under purchase method of amalgamation, --------- of the transferor company continues to appear in the balance sheet of the transferee company.
• While preparing the books of the transferee company in purchase method, the difference between purchase consideration and share capital of the transferor company should be adjusted in -------------
• For amalgamation in the nature of merger, the shareholders holding at least ______ or more of the equity shares of the transferor company becomes the equity shareholders of the transferee company.
• Which of the following fictitious assets is not taken over by the transferee company?
• Liquidation expenses paid by the transferee company is debited to …