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Amalgamation

Accountancy

What this sentence means"debt due to x Ltd is also to be discharged in shares of xy LTD , discharged means that. Trade receivabke will not take place in xy Ltd? What is the treatment if that sentence is not given ? Please help me with this

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venkatesh sundharamoorthy

venkatesh sundharamoorthy

CA Final

★ 34K+

11-Nov-21 12:27

412

Answers (1)

If the sentence is not given, then the loan would be offset against investments after amalgamation

CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

12-Nov-21 10:23

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