In a scheme of reconstruction, when the shares of newly formed company are allotted to the members of old existing company, will the shares allotted be shown in existing company's accounts as investment?
ACCOUNTANT (Student) (559 Points)
04 February 2020In a scheme of reconstruction, when the shares of newly formed company are allotted to the members of old existing company, will the shares allotted be shown in existing company's accounts as investment?
Abinash Parida
(2 Points)
Replied 06 February 2020
CAclubindia
