Question

Purchase Consideration is the amount:

1. Payable by New firm to Old firm

2. Payable by Old firm to New firm

3. Payable by one firm to another firm

4. Payable by one partner to another partner​

Answer 1

Answer:

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Answer 2

Answer:

Explanation:

When any firm purchase any asset or running business from another firm the amount paid by the firm who is buying the asset to the firm from whom it is buying the asset is known as purchase consideration...

So option 3 is correct.