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amalgamation
why we eliminate inter bal of vendor co.. in books of purchasing co.
Replies (5)
dear manish
for eg Ram Ltd. amalgamate with Sham Ltd.
and form Ram and Sham Ltd.
In balance sheet Ram Ltd has to pay
for eg Ram Ltd. amalgamate with Sham Ltd.
and form Ram and Sham Ltd.
In balance sheet Ram Ltd has to pay
sorry manish full answer post hi nhi huya
its ok try again
in balance sheet Ram Ltd shows Sham Ltd as it's cr. and therefore Sham Ltd shows ram Ltd as dr.
now as both company amalgamate money remain in the same hands. that's the reason we
now as both company amalgamate money remain in the same hands. that's the reason we
eliminate this entry
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