Acquisition of business

CA Varsha Mishra (Chartered Accountant) (166 Points)

07 June 2016  
Dear Sir/Madam There is a company which had acquired two-sole proprietors business on 1/1/16. What wil be the accounting entry for such acquisition in books of both parties??? The company gives shares as consideration to the sole proprietors. So will dis shares be shown in proprietors balancesheet?