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Amalgamation as per as-14

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Querist : Anonymous

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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
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
23 September 2011 items to be taken for calculating PC....
Current and non current assets minus Liabilities.
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CA Pushpendra Gaur

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CA Pushpendra Gaur (Expert)
29 September 2011 Sumat is right
in the above case
net cure=rent assets wud be 130000+20000-30000
i.e. RS 120000
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