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Commerce · Q901

Accounting

Graduate and Post Graduate · Commerce · question 901

Q901

In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration surrenders the shares in the vendor company by crediting

A.
Vendor Company's A/c
B.
Shares in the Vendor Company's A/c
Answer
C.
Share Capital A/c
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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