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what is amalgamation?

Answers were Sorted based on User's Feedback



what is amalgamation?..

Answer / g.narsimulu

Amalgamation means If two company are in same line in business
If both company are in losses.The same two company come to
amalgamate to form a new company is called AMALGATION

Is This Answer Correct ?    6 Yes 0 No

what is amalgamation?..

Answer / siddeeqk,kollam,kannanalloor

amalgamation means two companies are merge into a new company

Is This Answer Correct ?    3 Yes 0 No

what is amalgamation?..

Answer / sukavani

any company take over anyone business thisis called
amalgamation.
amalgamation is one company taking total rights to another
company[merging with some one]

Is This Answer Correct ?    0 Yes 1 No

what is amalgamation?..

Answer / guest

any company take over anyone business thisis called
amalgamation.

Is This Answer Correct ?    1 Yes 3 No

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Manoj & Mahavir joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Manoj 90000 Withdrawals of Mahavir 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.

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