what is journal entry in the transferee company book in the
case of amalgation
- 1 Answers
- 8696 Views
- I also Faced
- E-Mail Answers
Answer Posted / khushbooyadav89
In the boooks of Transferee co.:-
1) Business Purchase a/c Dr.
To Liquidator of Vendor co.
2) Fixed Asset a/c Dr.
Current Asset a/c Dr.
G/W a/c(bal. fig.) Dr.
To Business Purchase a/c
To Current Liability a/c
To Long Term Liability a/c
To Capital Reserve a/c(bal. fig.)
3) Liquidator of Vendor co. Dr.
To Shares in transferee co.
To cash a/c
| Is This Answer Correct ? | 20 Yes | 2 No |
Post New Answer View All Answers
What is accounts receivable?
how to we pass a purchase entry in item invoice mode where some advance has been paid to the party. the purchase entry should get offset with the advance payment entry so that it does not appear in the bill outstanding or bills due list. please guide.thank you
Tell us do you have any idea about service tax or excise?
What is accrual accounting?
What is compound journal entry?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
What is peach tree accounting?
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
How to create a liability for Service Tax in SAP
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
explain the relevance of closing stock account in trading a/c when preparing the gross profit?
What is partnership accounting?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
What is icai?
a company recive 5 demand draft in different parties 2 DD sumittted to bank for collection and it's collected. what is the closing entry of other 3 DD in the company on that date?
