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:

Correct Answer: Shares in the vendor company account

Make the most of this question

This page focuses on one Corporate Accounting question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

Corporate Accounting MCQ: 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: | Extra Education