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How 1905000 came to post acq?

Miradevi S

CA Final

★ 16K+

17-Apr-22 06:03

342

Answers (2)

P Ltd. has acquired Q Ltd. in the year 20X0-20X1. On this date Q Ltd. did not possess any General Reserve. The General Reserve as on 31.03.20X3 is created after the date of acquisition. Hence it is post acquisition profit.

Pratik Badade

CA Final

★ 2K+

17-Apr-22 12:18

Pratik Badade

Oh ok thank you!!

Thread Starter

Miradevi S

CA Final

★ 16K+

17-Apr-22 15:03

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