Accounting Standards MCQ
Table of Contents
Accounting Standards MCQ
11. When two or more companies carrying on similar business decide to combine, a new
company is formed, it is known as…………………………
12. When one of the existing companies take over business of another company or
companies, it is known as…………………………………
13. In case of ………….., one existing company takes over the business of another
company and no new company is formed
14. While calculating purchase consideration …………… values of assets is to be
considered.
15. Net Assets minus Capital Reserve is………………………
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