Amalgamation

Accountancy

Can anyone explain why they are Crediting capital reserve in 1 and 2nd entry?

theee k

CA Final

★ 435

14-Oct-22 10:01

609

Answers (2)

It is not capital reserve, it is capital reduction account. As per internal reconstruction adjustment, we are crediting it. For better understanding refer the next chapter (ch-6).

Balaji K

Qualified CA

★ 7K+

14-Oct-22 12:18

Balaji K

It is not capital reserve, it is capital reduction account. As per internal reconstruction adjustment, we are crediting it. For better understanding refer the next chapter (ch-6).

okok, Got it, thanks

Thread Starter

theee k

CA Final

★ 435

14-Oct-22 17:33