As per Lawkidunya, In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of Financial Accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.
What is Amalgamation with Example?
An amalgamation is a combination of two or more companies into a new entity. Amalgamation is distinct from a merger because neither company involved survives as a legal entity. Instead, a completely new entity is formed to house the combined assets and liabilities of both companies.
What is the Amalgamation Theory?
Cultural amalgamation is a term that refers to two or more cultures blending together to create a new, unique culture. This concept is sometimes referred to as the melting pot theory because the objective is for the individual pieces of each culture to become indistinguishable once they have blended with the others.
What are Types of Amalgamation?
Definition: Amalgamation, as the name itself suggest, is a form of external reconstruction, in which there is a combination of two or more than two companies, either by merger or by takeover. It indicates two activities: Absorption of one company, by another.
