Accountancy
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2012
chapter - amalgamation
If account balances are given in the balance sheet of both the companies on liability side , then what is the treatment of account balances in books of old and new company
If account balances are given in the balance sheet of both the companies on liability side , then what is the treatment of account balances in books of old and new company
19 October 2012
can you pls specify which account balances?
Message likes :
1 times
22 October 2012
Understanding is that you mean that the books of accounts of both the Companies to amalgate show credit balance of each other.
This clearly hints that first do RECONCILIATION of both these accounts and set in Dr and Cr balance with same amount.
contact@vkbajaj.co.in
This clearly hints that first do RECONCILIATION of both these accounts and set in Dr and Cr balance with same amount.
contact@vkbajaj.co.in
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 October 2012
nothing is specified about the account. only account balances is written on the liability side
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