When purchasing company pays purchase consideration it will be debited to ........

Accountancy (Phase -I & II) Company Final Accounts

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When purchasing company pays purchase consideration, it will be debited to

Business purchase account

Assets account

Liquidator of selling company’s account

Exacutor Account

None of the above

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Explanation:

A liquidator, also known as an administrator, gets appointed to take over the company. They'll collect the assets, pay any debts, and distribute the remaining surplus among members based on their rights. This happens when the business is dissolved in compliance with the formalities stated in the company's ordinance.