Amalgamation doubts list to be continued.....

1.creditors have market values....how is it possible?

2.Building s market value is taken on what basis...?

3.whats the use of capital reserve in case of purchase of old co assets and liabilities....nd why dnt we use general reserve?

4.expenses on new project is fictitious asser?

5.P and l a/c on assets side of B/s is the loss....it has got debit balance...i know....but how can it be treated as an asset?....silly question but plz clarify my this doubt also

Everybody commit mistake sundeep......dont try to change the topic.....itsa big thing that you accepted that.....god bless

Faiz i have no words for u,u are going to break records in coming exams.....i request to leave some gap for us also,....lol

Question 3 Sundry assets

                               To sundry liabilities

                                To Capital reserve

In the books of new co on the purchase of old co.
 

Can i write general reserve instead of that.......whats this capital reserve...loss or profit?

i was not able to understand 1question s answer ...........

Anyways thanx a ton