Explain conditions as per as-14 that are to be satisfied for an amalgamation in nature of merger



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AMALGAMATION REVISION QUESTIONS
AMALGAMATION REVISION QUESTIONS

  1. Explain conditions as per AS-14 that are to be satisfied for an amalgamation in nature of merger

  2. Illustrate journal entries in the closing books of transferee during amalgamation

  3. Explain the difference between amalgamation in nature of merger and Amalgamation in nature of purchase

  4. Explain types of amalgamation

  5. Explain the differences between amalgamation, absorption, and external reconstruction

  6. Explain two methods of amalgamation

  7. Illustrate journal entries in the closing books of transferor during amalgamation



  1. 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:

  1. 3,000 paid Rs 10 per share

  2. The balance in cash

Estimate the amount of purchase consideration and ledger accounts in books of Hari Ltd

(and problem given in ca)
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