Amalgamation as per as-14
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
Sir,
'X' Company is going to be merged/amalgamated with "Y" Company. In the balance sheet of 'X' Company the following amounts appear :
Liabilities Assets
Share Capital 100000Fixed Assets 130000
Free Reserves 50000Current Assets20000
Capital Reserve 20000Misc.Exp. 30000
Current Liabili. 30000P & L Account 20000
------- -------- 200000 200000
------- --------
Share capital to be issued by "Y" Company as against purchase consideration is Rs.150000 . Please tell what are the items to be taken for calculating Purchase consideration under net assets method?
Thanks in advance,
C.Rao
'X' Company is going to be merged/amalgamated with "Y" Company. In the balance sheet of 'X' Company the following amounts appear :
Liabilities Assets
Share Capital 100000Fixed Assets 130000
Free Reserves 50000Current Assets20000
Capital Reserve 20000Misc.Exp. 30000
Current Liabili. 30000P & L Account 20000
------- -------- 200000 200000
------- --------
Share capital to be issued by "Y" Company as against purchase consideration is Rs.150000 . Please tell what are the items to be taken for calculating Purchase consideration under net assets method?
Thanks in advance,
C.Rao
CA Sumat Singhal
(Expert)
23 September 2011
items to be taken for calculating PC....
Current and non current assets minus Liabilities.
Current and non current assets minus Liabilities.
CA Pushpendra Gaur
(Expert)
29 September 2011
Sumat is right
in the above case
net cure=rent assets wud be 130000+20000-30000
i.e. RS 120000
in the above case
net cure=rent assets wud be 130000+20000-30000
i.e. RS 120000
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