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wats the entry

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CA-AK (Querist)
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07 August 2010 Can any1 tell me the entry for profit on amalgamation in books of shareholder

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 August 2010 While amalgamation the share holder need to exchange the current share with the new company share or to sale the share. so this is profit on sale of shares need to credit

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 August 2010
Dr: New company shares
Cr: old company shares
Cr: Profit in sale or exchage of shares

CA-AK (Querist)
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11 August 2010 Thanks sir

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