is calculation of PC under both methods i.e merger n purchase same or different.....
(reserves role in calculation of PC)
1 Replies
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 14 September 2009
It is same
normally PC = Assets transferred - outside liabilities transferred
however you can also take share capital + reserve (all reserve statutory or otherwise)
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