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Amalgamation of company -unrealised profit
Accountancy
In illustration 7 of icai module, Why the unrealised profit is being adjusted with capital reserve in the module?? It has to be adjusted with profit &loss a/c right?? What is the logic behind it?
Answers (3)
Pandusml V
But we can debit it to p and l also I think
I too have that confusion and thanks for that reference