Amalgamation
This query is : Resolved
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...
10 July 2009
All assets included in case of amalgamation in the nature of merger. However it execlude fictitious assets
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"
or will be adjusted to CR or Goodwill.....to the extent of such ficticious items....
"In purchasing company books"
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