Consolidated financial statements practical ques 4

Accountancy

.here it is assumed that there is no changes in the general reserve during yr... Alternatively , Can we assume that, this general reserve is arrived during the yr...accordingly can we divide the reserve given in b/w pre &post acquisition That is ( 1lac Ã? 6/12 ) = 50000 each for pre & post acquisition

Sri Yoga Vishwa. P

CA Final

★ 2K+

23-Sep-22 15:50

458

Answers (2)

Where is it mentioned that firm has incorporated this year.. This assumption of yours is not correct as per my knowledge..

Raja Ram charan

CA Inter

★ 25

23-Sep-22 19:15

Raja Ram charan

Where is it mentioned that firm has incorporated this year.. This assumption of yours is not correct as per my knowledge..

Yes

Priyanka R

CA Final

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23-Sep-22 22:46