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Amalgamation of companies illustration:6.
Accountancy
In 9th entry how amount of rs.422500 came in realization and in 10th entry equity shareholders account is transferred for rs.1335500. but amount regarding the same in 9th entry is rs.1375500. balance in realization account is also 382500 for equity shareholders and if 40000 of preference share capital is added to it then 422500 can be arrived as realization balance in 9th entry. Please someone explain
Answers (3)
Best Answer
Its wrongly printed in the 9th entry Realization A/c will be debited by 382500 only not 422500.credit side total will be 1335500
Dk 06
Its wrongly printed in the 9th entry Realization A/c will be debited by 382500 only not 422500.credit side total will be 1335500
Oh ok thanks. I too tought tat but its not included in corrigendum and every attempt book prints same answer so i got confused
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