Question

Under Amalgamation Profit on Realization is Credited
to
OPTIONS
a.
Equity Shareholder's A/C
ob.
Preference Shareholder's A/C
oc.
Profit & Loss Appropriation A/C
O d.
Bank A/C​

Answer 1

Answer:

amalgamation the transferor company has to wind up its business and hence it will dispose off its assets, pay its liabilities and distribute the surplus if any among its shareholders. It is done through opening a new account known as Realisation Account.