Question
X Ltd. is merged with Y Ltd. under the pooling of
interest method. The reserves and surplus of X Ltd. amount to ₹10 lakhs. How will this be treated in the books of Y Ltd.?Solution
As per AS 14, under pooling of interests method, all the reserves (including general reserve and surplus) of the transferor company (X Ltd.) are preserved and added to the same heads in the books of transferee company (Y Ltd.). Indian Contract Act, 1872
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