Amalgamation
This query is : Resolved
abhishek kashyap
(Querist)
25 July 2013
sir,
if there is goodwill in books of old company and there arises the case of capital reserve in case of shortfall of P.C while taking over assets and liability in purchase method, will both the goodwill and capital reserve remain in the books of new company or we may set-off goodwill against capital reserve. if there is some different treatment, please tell me about that also.
if there is goodwill in books of old company and there arises the case of capital reserve in case of shortfall of P.C while taking over assets and liability in purchase method, will both the goodwill and capital reserve remain in the books of new company or we may set-off goodwill against capital reserve. if there is some different treatment, please tell me about that also.
CA Vijeta Verma
(Expert)
26 July 2013
apply set off.There is no need to show both simultaneously
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