Accounting · Amalgamation and Absorption
In corporate accounting, 'Absorption' of a company implies:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The conversion of public company into private company
- 2A company sells its business to a partnership firm
- 3Two or more existing companies go into liquidation to form a brand new company
- 4One or more existing companies go into liquidation and no new company is formed✓
Correct answer
One or more existing companies go into liquidation and no new company is formed
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