Arun Malik (CA FINAL) (67 Points)
25 September 2010Hi Frndz plz help me out............ i hv july 2010 edition of dis book and this ques if of chapter ACCOUNTING FOR AMALGAMATION AND CORPORATE RESTRUCTURING........
CAN ANYBODY TELL ME Y THERE IS APPRECIATION IN OPENING STOCK UNDER STATEMENT OF ADJUSTED NET PROFIT OF Y LTD( WN1)???????.......
ViveK
(.)
(312 Points)
Replied 25 September 2010
in one year closing stock is undervalued by 12000 and in next year 34000 the 12000 of first year will be included in opening stock of 2nd year or else u can deduct 34000-12000= 22000 in year 2 the net effect on profit of that year
CAclubindia
