Amalgamation

Accountancy

Why Deb be transferred to realisation ac?

Mala Ca

CA Final

★ 23K+

30-Jun-21 19:44

686

Answers (1)

Transferor company winds up the business and dispose off all its assets and pays its liabilities. The surplus if any is distributed among share holders. So, Debentures must be taken in realisation account.

Yoga Vishnu

CA Final

★ 11K+

01-Jul-21 11:09