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Accumulated Profits and Losses

The accumulat...

Question

The accumulated losses and fictitious assets of the transferor company are transferred to _______a/c.

A

equity share holders

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B

transferee company

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C

equity capital

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D

realization

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Solution

The correct option is B equity share holders
The accumulated losses and fictitious assets of the transferor company are transferred to shareholders A/c from realisation A/c(Proit or loss).

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