Ca ipcc gr 2-amalgamation
This query is : Resolved
05 September 2012
What will be the accounting treatment in the books of vendor and buyer Co. if the consideration being paid in terms of Equity Shares have face value of Rs 45 but market value is 70?
How will we treat the excess 25 in books of both the Co.?
How will we treat the excess 25 in books of both the Co.?
05 September 2012
buyer co.
net effect
assets dr. 70
to equity share capital 45
to capital res. 25
seller co.
net effect
eq . shares in buyes co.dr. 70
to assets 70
net effect
assets dr. 70
to equity share capital 45
to capital res. 25
seller co.
net effect
eq . shares in buyes co.dr. 70
to assets 70
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