Question { 6103 }

What are the Economic Advantages from Merger?

Answer

1) economies of scale
2) carried forward losses can reduce the tax( tax benefit)
3) investment of surplus cash
4) increased market share
5) diversification
6) reduces competition
7) create effeciency

Question { Deloitte, 22553 }

what is the difference between JOURNAL ENTRY & LEDGER

Answer

a journal is also called as a book of prime entry.
transactions occured are first entered in this book to show
which accounts should be debited and which should be credited.

on the basis of entries made in the journal, accounts are
prepared, the book which contains the accounts is called a
ledger. transactions entered in the journal are classified
according to their nature and posted in their respective
accounts in ledger. it is also called as book of final entry.

Question { SafariCom, 26601 }

what is the difference between real money & nominal money?

Answer

nominal money is related to the measure of counting. nominal
figure is what is written on the bill. where as real money
relates to it's purchasing power.
for eg:
if 10 units in nominal money can buy 2 chocolates in 1980 and
1 chocolate in 2000, in the same way, 10 units of nominal
money is 10units of real money in 1980 and 5 units of real
money in 2000.