statutory reserves
This query is : Resolved
08 August 2010
Respected Members
how to deal with statutory resreves in amalgamation of companies?
regards
chaitanya
how to deal with statutory resreves in amalgamation of companies?
regards
chaitanya
08 August 2010
in amalgamation which is of merger in nature u need to incorporate all the assets and liabilities at book value and so it would be automatically incorporated
if is purchase method then the following entry may be passed
amalgamation adjustment a/c Dr.
to Statutory reserves a/c
amalgamation adjustment is to be shown under misc exp in b/s
if is purchase method then the following entry may be passed
amalgamation adjustment a/c Dr.
to Statutory reserves a/c
amalgamation adjustment is to be shown under misc exp in b/s
09 August 2010
Irrespective of whether the amalgamation is in nature of merger or purchase, the nature of statutory reserves is to be maintained and carried forward to the new company.
The entries are as above
The entries are as above
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- GST ON DAMAGED GOODS
- Long Term Service award taxability in hands of company
- Loan by Partnership Firm
- REGARDING GST LIABILITY/....
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
