Hi
Can someone tell me in problem no:26, part b in page no: 13.37, while calculating Book value why reserves of Abhishek Ltd is taken as 450 Lakhs instead of 500 Lakhs as given in the question? Thankyou
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Doubt in SFM problem No:26- Practice manual
Replies (1)
Because Value of firm is 600(100+500) lakhs & eqity share capital received by co in new firm is 150 lakhs so value of reserve is 450lakhs(600-150)
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