explain the journal entries in book of transferee company in case of amalgamation
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Explanation:
JOURNAL ENTRIES IN BOOKS OF TRANSFEROR COMPANY AND TRANSFEREE COMPANY.
Transfer to realization account.
PURCHASE CONSIDERATION.
SALE OF ASSETS NOT TAKEN OVER BY PURCHASING COMPANY.
SETTLEMENT OF LIABILITIES NOT TAKEN OVER BY PURCHASING COMPANY.
Realisation Expense.
AMOUNT DUE TO EQUITY SHAREHOLDERS
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