Question

as per AS 14 amalgamation under net payment method, payment to creditoy bye transferee company to which account​

Answer 1

Answer:

Accounting standard 14 is not applicable for selling company.

Accounting is done with the objective of closing books of accounts and simultaneous determination of profit or loss on closing books of accounts.

Answer 2

To profit and loss a/c(account).

As per Accounting standards 14 amalgamation

Any payment to the creditor made will be recorded in the debit side of the profit and loss accounts of the financial statements.

Payment made to a creditor is a liability since it is money owed to them

And hence is considered as a liability in the financial statements.