05 August 2016
sir , i have a doubt in amalgamation i.e.
"why purchasing co. debited goodwill a/c in his book when he pays the liquidation expense of the vendor company"
06 August 2016
Payment made over & above the value of net assets is debited to goodwill. This is an 'extra' payment so same treatment. If cap. Res. Was created on purchase then exps are debited to this a/c as capital profit on purchase is reduced due to this payment.
22 August 2016
sir, if an individual transfer goods from its one shop to its another shop in the same state for sale purpose , is he liable to charge VAT on such transfer
CAclubindia
