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Hariom Mishra

Hariom Mishra

CA Inter

730

07-May-20 00:31

16

Amalgamation of companies

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

Answers (4)

Suraj Lakhotia

Suraj Lakhotia

Admin

07-May-20 07:01

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

M. Narendra

M. Narendra

CA Inter

3K+

07-May-20 07:07

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