IndigoLearn

Forums

Back

Amalgamation of companies

Accountancy

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

Hariom Mishra

CA Foundation

★ 730

07-May-20 00:31

606

Answers (4)

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

CA 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

CA Inter

★ 4K+

07-May-20 07:07

CA Suraj Lakhotia Admin

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

Thanku sir

Thread Starter

Hariom Mishra

CA Foundation

★ 730

07-May-20 14:01

M Narendra

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

Thanks bro

Thread Starter

Hariom Mishra

CA Foundation

★ 730

07-May-20 14:01

Your Reply

IndigoLearn

We have been revolutionising learning paths for students of CA, CFA, CMA, US CMA, and ACCA since 2017 . “Learn Like Never Before” & ‘ Students-first ’ are the cornerstones of our approach. We take immense pride in having enabled 14,000 + students succeed in some of the toughest examinations in the world & are grateful to them for the love and respect they have showered us with, over the years.