Hi,
Can any one suggest me that,
As per AS14 under Interest of Pooling method any short or excess of Assets and Liability taken over will be adjust with Reserve & Surplus. But if there is short then under reserve and surplus from which reserve we can adjust the same (i.e. whether it will be only free reserve or any reserve).
Free reserve namely p&l of purchasing company will be debited ICAI Opinion
CA Suraj Garg & Associates
New Delhi
CA Final
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Chirag P Shah & Co. Chartered Accountant
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B.Com
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Abic and Mani Chartered Accountants
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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CCI
Pro
CAclubindia
