amalgamation
manish kumar (66 Points)
07 September 2016
why we eliminate inter bal of vendor co.. in books of purchasing co.
5 Replies
Anmol Singla
(808 Points)
Replied 08 September 2016
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
Anmol Singla
(808 Points)
Replied 08 September 2016
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
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