Hi Frndz plz help me out............ i hv july 2010 edition of dis book and this ques if of chapter ACCOUNTING FOR AMALGAMATION AND CORPORATE RESTRUCTURING........
CAN ANYBODY TELL ME Y THERE IS APPRECIATION IN OPENING STOCK UNDER STATEMENT OF ADJUSTED NET PROFIT OF Y LTD( WN1)???????.......
in one year closing stock is undervalued by 12000 and in next year 34000 the 12000 of first year will be included in opening stock of 2nd year or else u can deduct 34000-12000= 22000 in year 2 the net effect on profit of that year
thanks vivek
AGREED WITH VIVEK....................
M N Rao & Associates LLP
Vijayawada
CA Inter
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