WHAT IS 'ABSORPTION AND CONSOLIDATION'?

Answer Posted / ravindra

THERE ARE THREE STAGES WHEN COMPANY IS CLOSED
AMALGMATION
ABSORPTION
RECONSTRUCTION
ABSORPTION MEANS NOTHING BUT THE BIG COMPANY TAKING UP
SMALL COMPANY
CONSOLIDATION IS NOTHING CLUBBING OF DATA IS CALLED
CONSOLIDATION

Is This Answer Correct ?    29 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.

3750


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

1733


What is the difference between payable and accrual

1477


What are the Types of invoices batching? & what is 3 way batch?

1698


hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com

1685






What is Direct Debit

1700


What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.

1701


intorduse your self ? what to say if iam fresher.

2096


What are the objectives of accounting

1485


What is the Formula For Return on Working Capital

1724


would gross expenditure vouch the correctness or otherwise of the given expenses?

1588


why should the company give first perference to the perference shareholders?

2000


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1479


How Are The Balance Sheet And Income Statement Connected?

716


ACCOUNTING CONCEPTS AND CONVENTIONS

1658