In case of inter-company holdings, the purchasing company, at the time – McqOptions

MCQOPTIONS

1.	In case of inter-company holdings, the purchasing company, at the time of payment of the purchase consideration, surrenders the shares in the vendor company by crediting:
A.	Vendor company's account
B.	Shares in the vendor company account
C.	Share capital account.
D.	none
Answer» C. Share capital account.

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