Is accumulated profit, funds of transferror company is transfered to transferee company in case of amalgamation?
Doubt
(Guest)
3 Replies
CA Parag Jani
(BCom CA DISA Forensic Auditor)
(288 Points)
Replied 17 October 2011
The accounting treatment for these items depends upon the nature of Amalgamation! Refer the AS concerned!
Swapnil Jain
(Finance - FP&A)
(564 Points)
Replied 18 October 2011
depends on the nature of amalgamation!!!
Phalgun
(Audit Manager)
(327 Points)
Replied 19 October 2011
If it is Pooling of interest method then it will be transferred.
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