14 February 2011
if balance in share premium and capital reserve account is 20000 at the time of acquisition of subsidiary shares and 50000 at the time of consolidation.
so my question is that whether 30000 will be considered as capital profit or revenue profit under AS 21.
14 February 2011
RS.30000/- will be treated as capital profit, becouse it is a part of share premium and capital reserve account not a part of revenue profit.
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