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What is amalgamation?

Answer Posted / surya

Amlgamation is nothing but joining of two companies.one
company join to another company after they are making a new
company is called AMALGAMATION.
For example:
one company called ABC .
another company called BCD.
Now, ABC is running loss only and BCD also running loss so
these two companies agreed to Amalgamation after these two
companies are made a new company called ABCD.

Is This Answer Correct ?    229 Yes 60 No



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