Accountancy, asked by arti115, 4 months ago

at the time of amalgamation any profit or loss is transferred to .................... Account
​

Answers

Answered by nidhisaini192008
2

Answer:

Capital account

Explanation:

Any profit or loss on such transaction will be transferred to capital account in profit sharing ratio. However, if assets or liabilities are not disposed off, they will be transferred to Capital Accounts, in the ratio of Capitals.

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