Forums
Back
Treatment of Transferor company's Statutory Reserves in Amalgamation
Accountancy
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?
Answers (1)
Your Reply