IndigoLearn

Forums

Doubt/query regarding solution of this Partnership sum

Why has the balance in Dena Bank overdraft account been cosidered part of Purchase Consideration, when there is no mention of the same being taken over? The onky liability that is taken over as mentioned in the question is Creditors. [Illustration 4: Video 11/12 of Amalgamation of Partnership module]


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

30-May-20 15:32

52

Answers (3)

Best Answer

Generally upon conversion, all assets and liabilities are taken over as the business is continuing.


Suraj Lakhotia

Suraj Lakhotia

Admin

31-May-20 09:30

No one?


Thread Starter

Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

31-May-20 08:38

Inter Testimonials
Testimonials CA Foundation July 21
Study Planner
Excel Launch
Fundamentals of Blockchain
Financial Modelling
Refer
EMI
Past_Exams