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Amalgamation of companies

What is the treatment of fictitious assets in respect of incorporation journal entry in case of amalgamation in nature of Purchase


Hariom Mishra

Hariom Mishra

CA Final

730

07-May-20 00:31

88

Answers (4)

Fictitious assets are generally not taken over by the purchasing company.


Suraj Lakhotia

Suraj Lakhotia

Admin

07-May-20 07:01

Fictitious assets t/f to equity shareholders a/c Equity shareholders A/C. Dr. To fictitious asset A/C


M Narendra

M Narendra

CA Inter

4K+

07-May-20 07:07

Suraj Lakhotia Admin

Fictitious assets are generally not taken over by the purchasing company.

Thanku sir


Thread Starter

Hariom Mishra

Hariom Mishra

CA Final

730

07-May-20 14:01

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