What is the difference between amalgamation, absorption,
liquidation ? Why realisation account is being prepared ?
- 1 Answers
- 10065 Views
- I also Faced
- E-Mail Answers
Answer Posted / kunalsrivastava
When two or more entity are merged togather and form new
distinct entity is called amalgamation.
When one entity absorbed one or more emtity and later
entity loss their entity merged with former entity is
called absorption.
When a company lossed their entity by action of law or
action taken by self is called liquidation.
Realisation account is prepared to control assets and
liabilities of entity
| Is This Answer Correct ? | 26 Yes | 4 No |
Post New Answer View All Answers
How I can evaluate the internal control audit?
which of the following procedure would auditor lease likely perform in planning a financial statement audit?
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
Explain the basic principles of an internal audit controlsystem?
What is caro 2004?
What was your most rewarding accomplishment of your career and why
What is the mean of decommission liability?
What is an audit process?
What are the objectives of internal audit?
Explain different functions of internal audit?
What are intangible assets?
How do you feel u contributed to its effectiveness?
what are the main tools of auditing?
Explain the different advantages and disadvantages of internal audit?
HOW TO DO LEDGER SCRUTINY?
