Merger
This query is : Resolved
29 September 2013
in merger of the compnys what is the treatment of statutory reserve...???
29 September 2013
The statutory reserves continue to maintain their independent identity. Kindly pass the following entries in the merged entity:
Amalgamation Adjustment A/c Dr.
Statutory Reserves A/c.
Amalgamation Adjustment A/c Dr.
Statutory Reserves A/c.
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