Question

Accounting is amalgamation is govermed by​

Answer 1

Explanation:

❥ 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'. All the assets and liabilities of the transferor company become, after amalgamation, the assets and liabilities of the transferee company

Answer 2

Answer:

Sales between parent and subsidiary is not a real sales. Therefore, its eliminated at end of the year to show actual profit/loss from the sales.

Explanation:

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