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Amalgamation
In amalgamation of companies., if debentures which is not taken over by the transferee co. Wheather we have to transfer the debentures to realisation a/c or not?(in the books of transferor co)
Replies (4)
Yes...if ques clearly says abt deb is nt taken by ee co. Then it should b trnsfd in real ac.
YES Mukesh kumar is right
K.. Thank you............ . .......
In ICAI study material it Is not transfred to realisation a/c... Infact, when debentures (specifically given in problem) which is TAKEN over by the transferee co is transfered to realisation a/c...
I'm not understanding the effect to be given to debentures
1.when taken over by transferee co.
2.when not taken over by transferee co..
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