wats the entry
This query is : Resolved
07 August 2010
Can any1 tell me the entry for profit on amalgamation in books of shareholder
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
07 August 2010
Dr: New company shares
Cr: old company shares
Cr: Profit in sale or exchage of shares
Dr: New company shares
Cr: old company shares
Cr: Profit in sale or exchage of shares
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