Amalgamation of companies

Accountancy

Book back questions number 5(sun and Neptune problem) , is book solution correct 1) purchase consideration includes debentures issued 2) before amalgamation itself debtors and creditors inter adjustment made ...... Kindly assist whether book solution is correct or not professionals.........

poco m2 pro

CA Inter

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27-Apr-22 14:16

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Answers (3)

Best Answer

They took becoz in question only he said that purchase consideration is by way of shares and debentures

Pandusml V

CA Final

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27-Apr-22 14:39

Whatever is given to shareholders is a part of purchase consideration. So if debentures are given, even it is a part of purchase consideration.

CA Suraj Lakhotia

Admin

28-Apr-22 10:33

Thanks sir .... I thought debentures were issued to debenture holdersð?¤? It was an misunderstanding on Interpretation of questions

Thread Starter

poco m2 pro

CA Inter

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28-Apr-22 10:53