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Acquisition cost

This query is : Resolved 
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(Querist)
29 January 2015 Dear Experts,

Our company is buying the employees and Business orders from another company. The consideration payable for this is Rs. 1.5 crores in the next FY.

Kindly let me know the accounting entry for this transactions.

Is the consideration amount to be charges to P & L account.

Thanks in Advance
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 January 2015 " buying the employees means ?????????
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Arun Kumar. G

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Arun Kumar. G (Querist)
29 January 2015 Dear Sir,

They are taking over the Employees to their roles
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 January 2015 then they shall become your companys employee and on your payroll u need to mention them and cal normal salary as decided by your co management
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Rupesh Jain

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Rupesh Jain (Expert)
29 January 2015 you have to make payment to employee and book as income billing to some one.
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