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What is Amalgamation?
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Answer / neetu singh
Amalgamation means when two companies sells of their
business and forms a new company. In this two companies
merges and one company forms.
Eg : A ltd + B ltd = C ltd
| Is This Answer Correct ? | 25 Yes | 5 No |
Answer / rohitash
When two or more entities joint and form into a new and
separate entity this procedure is called amalgamation.
ab Inc. + bc Inc. = abc Inc.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / lesline
AMALGAMATION IS A PROCESS IN WHICH TWO OR MORE COMPANIES IS
MERGED INTO ONE
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / kelvin
amalgamation is when two or more companies comes or merges
2gether to form one entity, they lose their formal names!
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / devaraju
Amalgamation refers that "Business activity between two ro
three firms or companies, Merges & bring togeather the two
or three firms".
| Is This Answer Correct ? | 5 Yes | 5 No |
42. G.Simkins sends back stock to J.J. Fabrics (a supplier), having originally purchased it on Credit. J.J. fabrics issued a Credit note for the value of these goods. In simkins’ books, the double entry for this transaction should be. a) Debit : J.J. Fabrics; Credit purchases b) Debit : purchases; credit J.J. Fabrics c) Debit : J.J. Fabrics; credit purchase returns d) Debit: purchases returns; credit J.J Fabrics.
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