Amalgamation
This query is : Resolved
Guest
Guest
(Querist)
07 January 2012
in amalgamation, if some assets and liabilities are not taken over and nothing is mentioned about not taken over assets and liabilities, then what should be done?
whether they should be realised at book value or should be considered to realize nothin?
whether they should be realised at book value or should be considered to realize nothin?
08 January 2012
Jay,
The going concern principle no more applies and hence the assets and liabilities should be measured at the net realisable value or net payable value.
The going concern principle no more applies and hence the assets and liabilities should be measured at the net realisable value or net payable value.
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