amlgametion

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 July 2010 hello sirs
i have a big Q. IN AMLGAMETION PLZ. GIVE FEEDBACK IMMEDIETLY
Q. IS- IF AN COMPNY AMALGAMET WITH ANOTHER AND THAT ANOTHER COMPANY HOLD 25% SHARE IN THAT AMLGAMETING CO. AND NO B/S IS GIVEN OF NEW CO. THEN WHAT WE DO OF THAT 25%SHERE IN OLD CO. AND WHAT ACCONTING TREATMENT IN NEW CO. THIS . IS IN IPCC ADVANCE ACCOUNTING BOOK AMALGAMETION CHEPTER Q.-3 PLZ. TELL ME IMMEDIETLY...............................

srinath

srinath (Expert)
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29 July 2010 ya... this is advanced prob in amalgamation.

this is called inter co holding prob

this should be cancelled while incorporating the assets and liabilities in the books of the new co