amalgamation adjustment account is required is respect of
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The Amalgamation Adjustment Reserve Account appears as a debit balance (negative figure) under the head, “Reserves and Surplus” in the balance sheet. When identity of the statutory reserves is no longer required to be maintained, both the reserves and the aforesaid account should be reversed.
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Accountimg for Amalgamations” issued by ICAI[1]an amalgamation adjustment account arises when certain statutory reserves need to be maintained by the transferee company which were previously maintained in the transferor company's accounts.
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