Accountancy, asked by Vandytiktok, 2 months ago

what do you mean by Amalgamation of companies? ​

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Answered by binita576
1
An amalgamation is a combination of two or more companies into a new entity. Amalgamation is distinct from a merger because neither company involved survives as a legal entity. Instead, a completely new entity is formed to house the combined assets and liabilities of both companies.

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