Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ashish srivastav
as per my view Consolidation or amalgamation is the act of
merging many things into one. In business, it often refers
to the mergers or acquisitions of many smaller companies
into much larger ones. The financial accounting term of
consolidation refers to the aggregated financial statements
of a group company as consolidated account. The taxation
term of consolidation refers to the treatment of a group of
companies and other entities as one entity for tax
purposes. Under the Halsbury's Laws of
England, 'amalgamation' is defined as "a blending together
of two or more undertakings into one undertaking, the
shareholders of each blending company, becoming,
substantially, the shareholders of the blended
undertakings. There may be amalgamations, either by
transfer of two or more undertakings to a new company, or
to the transfer of one or more companies to an existing
company". Thus, the two concepts are, substantially, the
same. However, the term amalgamation is more common when
the organizations being merged are private schools or
regiments.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
what is Contra Asset?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
Can u please give me example of bonds? is National savings certificate a Bond?
I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.
who invented acounts?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
Who is called consignor
what is investment banking
what is the main link between the income statement and the balance sheet?
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
why you want to join the banking and finance industry?
