Amalgamation as per as-14
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2011
Sir,
'X' Company is going to be merged/amalgamated with "Y" Company. In the balance sheet of 'X' Company the following amounts appear :
Liabilities Assets
Share Capital 100000Fixed Assets 130000
Free Reserves 50000Current Assets20000
Capital Reserve 20000Misc.Exp. 30000
Current Liabili. 30000P & L Account 20000
------- -------- 200000 200000
------- --------
Share capital to be issued by "Y" Company as against purchase consideration is Rs.150000 . Please tell what are the items to be taken for calculating Purchase consideration under net assets method?
Thanks in advance,
C.Rao
'X' Company is going to be merged/amalgamated with "Y" Company. In the balance sheet of 'X' Company the following amounts appear :
Liabilities Assets
Share Capital 100000Fixed Assets 130000
Free Reserves 50000Current Assets20000
Capital Reserve 20000Misc.Exp. 30000
Current Liabili. 30000P & L Account 20000
------- -------- 200000 200000
------- --------
Share capital to be issued by "Y" Company as against purchase consideration is Rs.150000 . Please tell what are the items to be taken for calculating Purchase consideration under net assets method?
Thanks in advance,
C.Rao
23 September 2011
items to be taken for calculating PC....
Current and non current assets minus Liabilities.
Current and non current assets minus Liabilities.
29 September 2011
Sumat is right
in the above case
net cure=rent assets wud be 130000+20000-30000
i.e. RS 120000
in the above case
net cure=rent assets wud be 130000+20000-30000
i.e. RS 120000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
