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Treatment of Transferor company's Statutory Reserves in Amalgamation

In Transferee's book (merger): Add them to reserves & surplus In Transferee's book (purchase): pass this entry Amalgation Adjustment Reserve a/c dr To Statutory Reserve a/c In books of Transferor: Adjust with Equity Shareholders Account just like General Reserve, Accumulate losses in both cases (merger and purchase) Am I right?


Kumarjit Dey

Kumarjit Dey

CA Inter

4K+

27-Nov-20 02:05

17

Answers (1)

Best Answer

Yes


Suraj Lakhotia

Suraj Lakhotia

Admin

27-Nov-20 15:21

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