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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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