Commerce Quiz | Commerce Online Test for Practice

Commerce MCQ Questions for Practice

31. When one of the existing companies take over business of another company or companies, it is known as ...........

32. When purchasing company pays purchase consideration, it will be debited to

33. When shares issued at premium which of the following account is credited?

34. When the purchasing company bears the liquidation expenses, it will debit the expenses to

35. When the purchasing company does not take over a particular liability and the vendor company pays that liability, it will debit it to

36. When the Vendor (seller) company agrees to bear liquidation expenses, it will debit

37. When two or more companies carrying on similar business decide to combine, a new company is formed, it is known as ..................

38. Which of the following statement is correct?

39. While calculating purchase consideration ....................values of assets is to be considered

40. While calculating purchase price, the following values of assets are considered

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