Company Accounts

Share Capital

Medium

Amalgamation is a form of:

federation

complete consolidation

cartel

pool

✅ Correct Option: 2

In amalgamation, two or more existing companies are wound up and a new company is formed that takes over the businesses of the old ones. Since the separate identities of the amalgamating companies are fully merged into one new entity, amalgamation represents complete consolidation (not a loose arrangement like a cartel, pool, or federation).

2025: 22 May Shift 1

Which of the following is not a feature of a company ?

2025: 22 May Shift 1

What does 'E' stand for in ESOP?

2025: 29 May Shift 2

The account which is not used in journal entry of the forfeiture of shares is:

2026: 12 May Shift 1

There are instances when applications for more shares of a company are received than the number offered to the public for subscription. In such a condition, what are the alternatives available to the directors to deal with the situation?

(A) They can accept some applications in full and totally reject the others.

(B) They can make a pro-rata allotment to all.

(C) They can adopt a combination-accept some applications in full, pro-rata allotment to some and totally reject the remaining.

(D) They can totally reject all applications and come up with fresh issue.

Choose the correct answer from the options given below:

2026: 29 May Shift 2

The director of Shah Ltd. resolved that 250 equity shares of Rs.100 each be forfeited for non-payment of the second and final call of Rs.30 per share. Out of these, 180 shares were re-issued at Rs.60 per share. The amount to be transferred to capital reserve account will be:

2026: 29 May Shift 2

Nominal share capital is :

Amalgamation is a form of:

Solution

Related questions:

Keyboard Shortcuts

CUET Accountancy Past Year Questions (Topic-Wise)