On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________ | Faculties

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📊 Financial Accounting

Q. On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________

(A) debit to profit & loss a/c
(B) debit to equity shareholders a/c
(C) credit to equity shareholders a/c
(D) debit to realisation

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✅ Correct Answer: (B) debit to equity shareholders a/c

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