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
While selling fertilisers can we charge VAT on excise duty.
reason for difference in Balance sheet (Asset side & Liabilites side)
what is the main difference between nse & bse operations
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
What is the basic difference between pledge, hypothication and mortgage????
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????
what is account & what is finance
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
Expand-------ANC
how there face in lvbank interview
Short Answer on -----Trade mark
EXPAND___________LNG
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
Expand---------PED