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Amalgamation

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09 July 2009 According to AS 14 in case of amalgamation in the nature of merger the purchasing co takes over all the assets & liabilities...Does it include even fictitious assets???? If not what will b the adjustment regarding that...I m a PCC student...Looking forward to ur help...
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NITIN

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10 July 2009 All assets included in case of amalgamation in the nature of merger. However it execlude fictitious assets
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CA Bosu babu

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CA Bosu babu (Expert)
10 July 2009 you have to just leave such ficticious assets while takenover....only balance things will be booked......such balance(Dr/Cr) will be adjusted in CR of sellin /Purchasin co as per pooling f interest method...

or will be adjusted to CR or Goodwill.....to the extent of such ficticious items....

"In purchasing company books"
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