capital reserve in amalgamation/absorption

This query is : Resolved

mahesh dilip purwant (Querist)
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30 May 2008 as co. can write off the goodwill arising
in amalgamation over certain period if co.
wants so. similarly capital reserve may get
created while incorporating the assets of two co.s if co. do not want to continue
with such reserve how it can be adjusted or write off?

CA. Yayati Tyagi

CA. Yayati Tyagi (Expert)
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03 June 2008 it can't be written off as goodwill. u check the guidance for use of capital reserves and accordingly adjust that.

jaygulani

jaygulani (Expert)
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05 June 2008 whever u have problem, call me are sms me on 09424515253. through chat we can solve problem. (I am account teacher since 20 years. So many my student get rank in CA Exams.) SUBJECT OF EMAIL SHOULD BE "ONLINE ACCOUNT STUDENT AVAILABLE"

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