13 September 2022
The company is in the middle of processing strike off. I'm preparing a set of unaudited financial statements, there is a Merger Reserve non-distributable of $1m stated in the prior audited financial statements. Could I keep it on the Balance Sheet or should it be written off to the retained earnings? presentation eg.: Share capital - $1.5m Merger Reserve - $1m Retained earning - $90k
CAclubindia
