In a merger, Company A (profit ₹10,00,000, 2,00,000 shares) acquires Company B (profit ₹5,00,000, 1,00,000 shares). A issues 1 share for every 2 shares of B. What is the post-merger EPS of Company A? MCQ with Answer and Explanation

Explanation:
Trial balance is a statement, not a book of original entry. Subsidiary books include cash book, purchase book, sales book, journal proper, etc.

Explanation:
Management assesses going concern for at least 12 months from the reporting date.

Explanation:
S1 is incorrect because AS 26 prohibits opening a goodwill account; the cash brought is credited to the old partners' capital accounts in their sacrificing ratio. S2 is correct; existing goodwill is written off in the old ratio before the new partner's admission.