V AGARWAL (Director) (177 Points)
15 June 2010Please mentin the list pf accounting entries in case of Demerger in the books of transferor company and the resulting company.
The treatment of Capital Reserves and Goodwill as case may be,
As well what if the resulting company is already an exisitng one?
daya shankar singh
(CA ,CS)
(629 Points)
Replied 15 June 2010
The accounting entries in the book of resulting company is as per the accounting standard AS14, and it shall not applied in the case of transferor company
CAclubindia
