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Commerce · Q1142

Accounting

Graduate and Post Graduate · Commerce · question 1142

Q1142

Amalgamate adjustment account is opened in the books of transferee company to incorporate

A.
the assets of the transferor company
B.
the liabilities of the transferor company
C.
the statutory reserves of the transferor company
Answer
D.
the non-statutory reserves of the transferor company

Answer: Option C

Solution

Answer: Option C
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