Q. On amalgamation, Share issue Expenses A/c appearing on Assets side of the balance sheet of the vendor company (Solved)
1. (a) is closed by debit to Realisation A/c
2. (b) is closed by debit to Equity Shareholders A/c
3. (c) is closed by debit to Profit & Loss A/c
4. (d) is closed by credit to EquityShareholders A/c
- b. (b) is closed by debit to Equity Shareholders A/c