M.Com Part- I Advanced Accountancy Paper- III MCQ
M.Com Part- I Advanced Accountancy Paper- III Objective Questions 1............ Means taking over of the business of two or more companies by a company newly formed for this purpose. a) Absorption b) Reconstruction c) Amalgamation d) None of the above 2. There are............... types of Reconstruction a) Five b) Two c) Three d) Four 3. ............... Means taking over of the business of one or more companies by a company already in existence. a) Absorption b) Reconstruction c) Amalgamation d) Merger 4. When an existing company goes into liquidation and a new company is formed to take over the business of liquidated company it is called as................ a) Amalgamation b) Internal Reconstruction c) External Reconstruction d) Absorption 5. ........... means the amount payable by the purchasing company to purchased company. a) Bills payable