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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

435

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

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