how to write entries(if A company pruchased B company)
This query is : Resolved
06 August 2010
eg:-if "A" company pruchased "B" company, "B" company all assets and liabilities are belongs to "A" company in that situation how to make entries in "A" company Accounts what i mean by that (ie:-how to pass jv's ) if i am using tally how to pass entries to "A" company
06 August 2010
ASSETS .........DR,
TO LIABILITY
TO, PURCHASE CONSIDERATION
PURCHASE CONSIDERATION ..........DR
TO,LIQUIDATOR OF B LTD
LIQUIDATOR OF B LTD .............. DR
TO, EQUITY SHARE CAPITAL
TO, SECURITY PREMIUM
TO, CASH/BANK
TO LIABILITY
TO, PURCHASE CONSIDERATION
PURCHASE CONSIDERATION ..........DR
TO,LIQUIDATOR OF B LTD
LIQUIDATOR OF B LTD .............. DR
TO, EQUITY SHARE CAPITAL
TO, SECURITY PREMIUM
TO, CASH/BANK
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