if balance in share premium and capital reserve account is 20000 at the time of acquisition of subsidiary shares and 50000 at the time of consolidation.
so my question is that whether 30000 will be considered as capital profit or revenue profit under AS 21.
please reply as soon as possible
Thanks
Rs. 30000 will be considered as revenue profit..
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
