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..
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
CAclubindia
