amalgamation
This query is : Resolved
03 January 2010
A ltd & B ltd r going to merge .new co. is C ltd,then J/E to trnsfr assets and liabilities is made ,then difference in Dr. is goodwill. if difference in Cr.is .......?
03 January 2010
capital reserve.
03 January 2010
if difference in cr. in case of purchase under amalgamation?
04 January 2010
Hi Janak, in case of amalgamation in the nature of merger, the difference, whether Dr. or Cr., is adjusted into opening revenue reserves whereas if it is amalgamation in the nature of purchase, Dr. difference is goodwill n Cr. difference is Capital Reserve. Regards, CA Shakuntala Chhangani
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
