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Amalgamation
In an amalgamation in the nature of merger if expenses are met by the transferor company, what is the treatment. Why?
Replies (4)
realisation a/c debit to bank account since its loss to selling company
transferee company?
There will not be any entry of realisastion expense in the books of Transferee company, when expenses are paid by tranferor company.
When Transferee compant pay the expenses then entry will be
Goodwill/Capital reserve A/c DR
To cash/Bank
I have created videos to explain the various concepts of Amalgamation for CA CS CWA students. Below is the link to check the same -
https://youtu.be/ouSL6sRa4vs?list=PLjemDd6cjImDWEsKTgF6OtUZhVOXzoMCI
Please check.
I hope you will be be having a good learning from it.
Thanks !
CA Gopal Somani
Where to write amalgamation adjustment reserve account in balance sheet? plz say in detail
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