Kindly tell me if sec premium is appearing in the books of transferor company how it should be dealt with in the case of a) merger b) purchase.Also tell me the treatment of sundry provisions under both the cases
3 Replies
Rahul Walame
(Chartered Accountant)
(580 Points)
Replied 06 March 2013
Somebody plz reply this query its urgent.....
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 07 March 2013
In both the cases, it would be credited to Shareholder's Account or the Realisation Account.
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