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merger

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(Querist)
15 April 2010 Hello, my query is..
when two co say A merger another co B in to itself, what will be accounting entries in both case.

pls. give me examples
thanks

Alpesh
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
15 April 2010 In case of amalgamating company:

Assets Dr
liabilities Cr
XXX Cr


It also depends on nature of amalgamation

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