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Sir if cash is not taken by purchasing company then can we consider it as Amalgamation in Nature of purchase.
Answers (4)
Abarna Sankar
Please explain about adjustment for amalgamation.. And how does Rs.(670) comes?
Purchase consideration - Share capital of Selling company
Abarna Sankar
Please explain about adjustment for amalgamation.. And how does Rs.(670) comes?
Inorder to incorporate the Statutory reserves,viz,Export profit reserve 200 &Investment allowance reserve 100,an equal debit is given to Amalgamation adjustment account.Here you did not provide the full problem so I can't say how 670 came.please show full question.