AS-21

C.A. LINESH PATIL (CA) (910 Points)

14 February 2011  

 

if balance in share premium and capital reserve account is 20000 at the time of acquisition of subsidiary shares and 50000 at the time of consolidation.

 

so my question is that whether 30000 will be considered as capital profit or revenue profit under AS 21.

 

please reply as soon as possible

Thanks