Education

Amalgamation Definition

Amalgamation Definition

   Table of Contents Amalgamation: Meaning Types of amalgamation Amalgamation in the nature of merger: Amalgamation in the nature of purchase: What is purchase consideration?? Methods of calculating purchase consideration Advantages of amalgamation Disadvantage of amalgamation Amalgamation: Meaning An amalgamation is the combination of two more companies into a larger single company. In accounting an

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Accounting Concepts and Principles

Accounting Concepts and Principles

 Accounting concepts and conventions  Accounting principles: concepts and conventions Accounting principles = concepts + accounting conventions commonly known as GAAP (Generally accepted accounting principles) based on which financial statements are to be prepared. Accounting principles are divided into two parts, concepts, and conventions. (A).  Accounting concepts: Accounting concept refers to the basic assumptions and rules

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