Question

what is amalgamation?​

Answer 1

Explanation:

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.

Answer 2

Amalgamation is the process of two or more companies joining to form a new company . The main purpose to open Realisation A/C is to ascertain the profit or loss due to the realisation of assets and liabilities. Amalgamation is the process of two or more companies joining to form a new company.