treatment of reserve and earning in PIM method .(AS-14)
This query is : Resolved
HIMANSHU TIWARI
(Querist)
01 October 2007
is this right in poolin interest method in amalgamation that transferor have transfer reserve & surplus in his book to share holders as it is ultimately transfer to transfaree company and amalgamated in his books how could it be ?
Ravikumar.G
(Expert)
01 October 2007
In PIM : Non statutory Reserves like Capital or Revenue Reserves should be recorded at their existing carrying amounts. Because Dividend can be declared after Amalgamation also.
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