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Advance acc -amalgamation

Accountancy

In question 14 hari and vayu ltd They didn't mention that liabilities are taken over but till we took debentures trade payables loans Generally we should not take if they didn't mention and we have to settle in realisation a/c ??y did they consider as taken over even though not mention

Jaanu Jaanu

CA Final

★ 4K+

08-Nov-22 07:24

337

Answers (3)

I think they assumed that have taken for consideration

Anand Sankaran

CA Inter

★ 3K+

08-Nov-22 08:47

All assets r taken over . so only assets which r taken over at agreed values is mentioned. And rest of assets liabilities shuld b recorded at book values

VENKAT PRASHANTH

CA Final

★ 5

08-Nov-22 11:47

If in question they mention specifically particular assets taken over then only particular assets shod taken for pc

VENKAT PRASHANTH

CA Final

★ 5

08-Nov-22 11:49