Treatment of Profit or Loss

 

Profit or Loss on sale of a Division of a company:: When it will transfer or adjusted to-

(a) Capital Reserve A/c

(b) Goodwill A/c

(c) Amalgamation Adjustment A/c

Replies (1)

profit can be adjusted in capital reserve

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register