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    Question

    When the liquidation expenses are paid and borne by the

    transferee company, which of the following entry is made in the books of transferor company?
    A Realization A/C Dr To transferee company A/C Correct Answer Incorrect Answer
    B Realization A/C Dr To bank A/C Correct Answer Incorrect Answer
    C No entry is made Correct Answer Incorrect Answer
    D Bank A/C Dr To transferee company A/C Correct Answer Incorrect Answer

    Solution

    The correct answer is C

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