Company accounts
This query is : Resolved
28 November 2008
X is a promoter who is buying a company ABC from Y. X has paid some amount to transfer the ownership of ABC from Y to X. In addition X also paid some lumpsum to Y as a premium (market rate or cost of good will or black money.. whatever u call). How does X treat this in his books of accounts?
28 November 2008
if the black money is transfered it should not be accounted generally
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
07 October 2009
Hello, is this an old query still pending? You can send me a Pm if yes....I m trying to take all old pending queries in Accounting Forum......Thanx.
08 October 2009
Thanks. I have posted a new query as well recently on the issue of sweat equity. Probably you can help me with that as well.
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