Amalgamation

Hi,

In the case of merger, how and under which head to show the debit balance of general reserve? 

Replies (5)

General Reserves never have a debit balance.

Reserve means credit balance taken apart from profits.

It may be possible that there are Miscellaneous Expenditure to the Extent Not Written Off or Adjusted.

 

ya i do agree wid surendra .parul redefine ur ques?

I guess there was a ques lik this in this yrs IPCC paper where in case of acq by merger when we add the Dr balance amount we get in the amalgamation entry( the entry of assets and liab) and the Cr bal we get a Dr figure...which becomes a -ve amout...Is that your dbt friend???If so it shd be treatd as P/L dr bal i guess...tats wat i was told when i askd the dbt

in the case merger, there is only  one out of goodwill or general reserve. after adjustment  there is dr. balance of reserve ,then it is goodwill.

Yashodeep is right.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details