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Question

I have a question Amalgamation (AS14) AGAR PURCHASING COMPANY NE VENDOR KA BUSINESS ACQUIRE KIYA JISMEIN CASH AND BANK BHI SHAMIL HAI AUR AGAR USNE KOI ASSET/LIABILITIES CHHODI HAI AUR UN ASSETS KOI AMOUNT RECEIVE HUA HAI AND CHHODI HUI LIABILITIES KO CHUKANE MEIN KOI AMOUNT KHARCH HUA HAI TO MERA QUESTION HE JO AMOUNT DIYA HAI YA JO AMOUNT AAYA HAI UN DONON Cash&Bank Se ADD MINES KARKE Adjusted Cash&Bank KO REALISATION ACCOUNT MEIN LIKHA JAEGA ?

Rahul · Answer

All assets and liabilities takeover nahi kiya Ex ke liye extract balance sheet item = cash&bank 20,000 rs , plant 5000 rs , bill payable 2000rs. Mera question h ki purchase company all the asset and liability takeover includes cash&bank Except - plant,bill payable And liquidator ko plant se 4000rs received And bill payable ko 2000rs ka payment Kiya h to realisation account me cash & bank (20,000+4000-2000) = 22,000 aayega And in the books of purchasing co me asset and liability ke takeover ki entry me bhi cash & bank 22,000 aayega

Moksh · Answer

All the assets and liabilities would be realized by a liquidator . So for the co. The liquidator has taken all the assets and liabilities and the surplus amount from that would be given back by the liquidator so there won't be any changes in cash/bank .

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2 answers

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