Accountancy, asked by Akashshigwan, 4 months ago

On amalgamation the partners loan a/c is transferred to

Answers

Answered by shasidharan2004

0

Answer:

put the question properly

Answered by santy2

0

Answer:

The newly amalgamated company

On amalgamation the partner loan account is transferred to the newly amalgamated company

Explanation:

Amalgamation refers to the combination of two or more companies into a new entity.

During amalgamation the general rule is clear that these liabilities (partners loan a/c) continue as obligation of the newly amalgamated company.

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