Amalgamation in the nature of merger

Accountancy

In book back question 1, 2nd Journal entry , they have credited profit &loss A/c . But, capital reserve is supposed to be credited . Is it wrong Sir as mentioned in book Sir?

Dhivyaa Latha

CA Inter

★ 4K+

05-Mar-23 20:19

763

Answers (2)

Best Answer

P&L is incorrect

CA Suraj Lakhotia

Admin

05-Mar-23 20:33

CA Suraj Lakhotia Admin

P&L is incorrect

Thank you Sir.

Thread Starter

Dhivyaa Latha

CA Inter

★ 4K+

06-Mar-23 00:13