what journal entries are made in books of purchasing company at time of amalgamation in nature of purchase? kindly answer quickly???
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ACCOUNTINGDOSE
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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