Bala Ltd acquired the business of Bello Ltd and caused the separate existence of the latter company to terminate. This situation is best described as? by Sunday | Dec 9 | Accounting JAMB | 0 comments A. absorption B. merger C. conversion D. dissolution Correct Answer: Option A – absorption Users Also Read These:The depreciation on plant acquired by a…A situation in which the bulk of the urban…As a journalist; Bala has always had a nose for storiesDanjuma Ltd. bought 10 bags of rice for N500 each.…The nominal value of kC Ltd's share is 50k and the…