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JE query from amalgamation

In case of an amalgamation in nature of merger, If it is given in the question that amalgamation expenses is bourne by purchasing company, which of the below two entries is correct? Goodwill a/c Dr... To Bank Or P & L a/c Dr... To Bank?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

23-May-20 23:28

21

Answers (4)

Best Answer

P&L account Dr. To Bank


Suraj Lakhotia

Suraj Lakhotia

Admin

24-May-20 23:22

A reply would be very kind


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

24-May-20 20:04

I think i just now got a reply to this. Has it been deleted?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

24-May-20 23:21

P&L account Dr. To Bank

Thank you.


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

24-May-20 23:40