CA. JAIN
(Chartered Accountant)
(466 Points)
Replied 05 October 2012
who said pc is 12 lakhs,,,,,,
pc is 17 lakhs(12 for eq share holder + 5 for pref share holder)
i dont knw why u people are taking so much cofusion...this question is one of the easiest question in internal reconstr. .....do work hard to crack CA..........
Best wishes.....
CA Manish
(Job)
(5264 Points)
Replied 05 October 2012
pc is 17 lakhs(12 for eq share holder + 5 for pref share holder).
Absolutly correct.
Sourabh
(Student)
(360 Points)
Replied 05 October 2012
| Originally posted by : manish agarwal | ||
 |
Originally posted by : Sourabh Net Assets method will apply.PC will be 23 lakhs.5 lakhs will be given to pref. shareholders in the form of debentures,n equity shareholders will be issued 15000 equity shares at 20 premium unless mentioned otherwise we cant use net assest method for calculating PC btw thanks for reply |
 |
Net Assets method is applied wen the payment method cant be applied i.e. wen the mode of payment is not clear.its nothing to do with mention in question.
in your question,its not given how equity shares will be given to equity shareholders,it doesnt even say equivalent no. of shares will be issued.hence Net Asset method will apply
I have done a similar or even same question n I had same confusion before my tutor corrected me.thats why I remember
manish agarwal
(IPCC,PMIR,Bcom[h])
(88 Points)
Replied 05 October 2012
| Originally posted by : CA. JAIN | ||
|
|
|
|
it is from amalgamation ....
i have solved 50+ question from this chapter only got stucked here :'(
CA. JAIN
(Chartered Accountant)
(466 Points)
Replied 05 October 2012
Thanks,,,,,,,,,,,,,,,,,,,Manish Agarwal....Best wishes..yeah by mistake i mentioned internal reconstruction...yes it is of amalgamation.......but still it is one of the easiest question.....
and advise to those peole..who will appear in dec..2012..plz dont waste time in any mode of gadgets...whether for question or else.........
manish agarwal
(IPCC,PMIR,Bcom[h])
(88 Points)
Replied 05 October 2012
| Originally posted by : Sourabh | ||
|
|
Originally posted by : manish agarwal Originally posted by : Sourabh Net Assets method will apply.PC will be 23 lakhs.5 lakhs will be given to pref. shareholders in the form of debentures,n equity shareholders will be issued 15000 equity shares at 20 premium unless mentioned otherwise we cant use net assest method for calculating PC btw thanks for reply Net Assets method is applied wen the payment method cant be applied i.e. wen the mode of payment is not clear.its nothing to do with mention in question. in your question,its not given how equity shares will be given to equity shareholders,it doesnt even say equivalent no. of shares will be issued.hence Net Asset method will apply I have done a similar or even same question n I had same confusion before my tutor corrected me.thats why I remember |
|
payment TO payment IN working AMT
ESH ES 80/120(15000)120 1200000
PSH debentures 500000 500000
total 1700000
thanks every 1
Sourabh
(Student)
(360 Points)
Replied 05 October 2012
payment to equity shareholders is wrong,question doesnt say equivalent no. of shares to be issued
CA. JAIN
(Chartered Accountant)
(466 Points)
Replied 05 October 2012
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 05 October 2012
manish agarwal
(IPCC,PMIR,Bcom[h])
(88 Points)
Replied 05 October 2012
| Originally posted by : CA Lokesh Pokharna | ||
|
|
As per the revised AS-14, the amount of purchase consideration includes only those payments which are made by the transferee company to the shareholders (Equity and preference) of the transferor company. hence pc will be 12+5= 17 lac & no. of shares to be issued is 10000 |
|
thank u sir u cleared my doubt :) this is the answer i was waiting for :)
MD. RAFI
(Manager Accounts (future CA))
(670 Points)
Replied 05 October 2012
pl find attached the solution.
ramcharan
(articled assistent)
(367 Points)
Replied 08 October 2012
CAclubindia
