When Statutory Reserve of the Vendor company is maintained by the Purchasing Company, then Purchasing Company gives debit to:
AStatutory Reserve
BAmalgamation adjustment Account
CGoodwill Account
DCapital Reserve Account
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Related Questions:
Discount allowed on reissue of forfeited shares is debited to
Net payment method is used to calculate :
50000 equity shares of Rs. 10 each issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 750000. How much amount will be transferred to capital redemption reserve?
Preliminary expenses are transferred by the vendor company at the time of amalgamation to
Preliminary expenses are transferred by the vendor company at the time of amalgamation to