i have query about mergers in banks like SBI MERGERS That if SBI have owned the debentures in their subsidiaries banks how those debentures amount get settled by SBI after MERGERS As after debetures are shown on the asset side of SBI will now shown where as whose gone to pay the amount to Sbi for that
how the accounting process and overall settlement process take place ?
I guess following entry will be passed :-
Debentures a/c Dr. (of the subsidiary)
To Debentures a/c ( SBI )
CAclubindia
