Acquisition cost

This query is : Resolved

Arun Kumar. G (Querist)
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29 January 2015 Dear Experts,

Our company is buying the employees and Business orders from another company. The consideration payable for this is Rs. 1.5 crores in the next FY.

Kindly let me know the accounting entry for this transactions.

Is the consideration amount to be charges to P & L account.

Thanks in Advance

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 January 2015 " buying the employees means ?????????

Arun Kumar. G

Arun Kumar. G (Querist)
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29 January 2015 Dear Sir,

They are taking over the Employees to their roles

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 January 2015 then they shall become your companys employee and on your payroll u need to mention them and cal normal salary as decided by your co management