Important!!rply fast exams,ipcc,amalgamation,may 2017

This query is : Resolved

raj fadia (Querist)
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02 April 2017 Dear sir,
As per the latest amendment we have to use "amalgamation adjustment reserve a/c" for statutory reserves instead of "amalgamation adjustment a/c",
So sir i want to know where will this NEW
"amalgamation adjustment reserve a/c"
will be shown in balance sheet

In rtp it is written as show it as a separate line item,
What do you mean by this separate line item??
Pls reply ASAP,pls,pls,
Thank you sir.

CA Gopal Somani

CA Gopal Somani (Expert)
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03 April 2017 It will be shown under Reserve and Surplus.

Separate Line item means you have to show this under 'Reserve and Surplus' Separately as negative amount. Like below -

Reserve and Surplus -

General Reserve 40
Invest. Allowance Reserve 30
Amalgamation Adj. Reserve (10)
------------
60

I have posted some lectures on Amalgamation on youtube. You can check from below link

Cross Holding in Amalgamation Easily explained !

https://youtu.be/TeOnsuyx9l0

Inter-company Transactions in Amalgamation Easily Explained !
https://youtu.be/UaINlkwKySE

I hope it will be beneficial for you. Please let me know if you have any queries.