Explain conditions as per AS-14 that are to be satisfied for an amalgamation in nature of merger
Illustrate journal entries in the closing books of transferee during amalgamation
Explain the difference between amalgamation in nature of merger and Amalgamation in nature of purchase
Explain types of amalgamation
Explain the differences between amalgamation, absorption, and external reconstruction
Explain two methods of amalgamation
Illustrate journal entries in the closing books of transferor during amalgamation
Following are the Assets & Liabilities of Hari Ltd as on 31st March 2020
Liabilities
|
Amount (Rs)
|
Assets
|
Amount (Rs)
|
Capital
|
45,000
|
Freehold properties
|
27,500
|
Bank Loan
|
22,640
|
Furniture
|
3,500
|
Bills Payable
|
6,700
|
Motor van
|
12,800
|
Creditors
|
10,800
|
Stock
|
15,840
|
|
|
Bills Receivable
|
5,400
|
|
|
Debtors
|
18,700
|
|
|
Cash
|
1,400
|
|
85,140
|
|
85,140
|
On the above date the entire business was taken over by Ding Dong Bell Ltd. The purchase consideration was paid as under:
3,000 paid Rs 10 per share
The balance in cash
Estimate the amount of purchase consideration and ledger accounts in books of Hari Ltd
(and problem given in ca)
Share with your friends: |
