Interested to Buy Any Domain ? << Click Here >> for more details...
what is journal entry in the transferee company book in the
case of amalgation
- 1 Answers
- 9449 Views
- I also Faced
- E-Mail Answers
Answer Posted / khushbooyadav89
In the boooks of Transferee co.:-
1) Business Purchase a/c Dr.
To Liquidator of Vendor co.
2) Fixed Asset a/c Dr.
Current Asset a/c Dr.
G/W a/c(bal. fig.) Dr.
To Business Purchase a/c
To Current Liability a/c
To Long Term Liability a/c
To Capital Reserve a/c(bal. fig.)
3) Liquidator of Vendor co. Dr.
To Shares in transferee co.
To cash a/c
| Is This Answer Correct ? | 20 Yes | 2 No |
Post New Answer View All Answers
are tpt, freight & packing charges part of sales & purchase ??
Tell me where do generally accruals appear on the balance sheet?
Tell us how can you define departmental accounting?
My question is on Opening & Closing Stock Suppose Closing stock of 2014-15 is Rs 30 lakhs & Also we filed return & ROC too for 2014-15. Opening stock for 2015-16 should be Rs 30 lakhs but we found that some purchase for feb & March 2015 Stock has been entered in tally Its taken directly to purchase split of stock not made & in sales to same of 2 lakhs no split of stock is shown. Those stock need to make changes in 2015-16 what was the process ? And what will be adjustment entry ?
Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 Calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy
What does the word credit mean in terms of accounting?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
cheque deposit is a contra entry?
in terms of accounting the trial balance when is it taken?
How can you define departmental accounting?
Why did you choose the a-levels you did?
consultancy charges receivable Rs 30000 from abc & co. tds receivable 3000
How did you chose your university?
what is a register when referring to accounting or bookkeeping?
What are the effects of international accounting standards on accounting practices of developing nations?
