amalgamation

Hello Friends

The difference arising on the value of shares issued and share capital already held will  be transferred to P/L A/c or General Reserve under Pooling of Interest Method (Nature of Merger)

In case of Profit----General Reserve

In case of Loss----- P/L A/c

However Goodwill Can be debited for Loss or Capital Reserve Can be Credited in case of Profit in Amalgamation in the nature of purchase