- 1 Marks
Question
Where TWO or more partnerships combine to form a new partnership, the act is called
A. Amalgamation
B. Appropriation
C. Dissolution
D. Realisation
E. Revaluation
Answer
Answer: A. Amalgamation
Explanation: Amalgamation refers to the combination of two or more partnerships into a single new entity. Other terms like dissolution and realisation refer to the ending or winding up of existing partnerships.
- Tags: Amalgamation, Appropriation, Partnership, Realisation
- Level: Level 1
- Series: MAY 2017
- Uploader: Kwame Aikins