Question

14. Accounting for amalgamation is governed by
(a) Accounting Standard 1
(b) Accounting Standard 13
(c) Accounting Standard 14
(d) Accounting Standard 11​

Answer 1

Amalgamation means an amalgamation pursuant to the provisions of the Companies Act, 2013 or any other statute which may be applicable to companies and includes 'merger'. ... (i) All the assets and liabilities of the transferor company become, after amalgamation, the assets and liabilities of the transferee company.