Accounting · Amalgamation and Absorption
At the time of absorption, the vendor (liquidating) company transfers its preliminary expenses to which of the following accounts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement of Profit and Loss
- 2Equity Shareholders Account✓
- 3Purchasing Company Account
- 4Realisation Account
Correct answer
Equity Shareholders Account
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