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
Explanation: 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.) .
On what day did the Civil Disobedience Movement start?
IRF and FRA are over the counter (OTC) instruments to cover interest rate risks
The 2019 IAAF World Athletics Championships was the 17th edition of the biennial, global athletics competition organized by the International Associatio...
Which country did India collaborate with to establish a Center of Water Technology at IIT Madras?
How many sectors of the economy are represented in the NSE Nifty 50 index?
Who served as the editor of "The Hindu Review" journal?
Which country became the largest importer of Indian weapons, including the Akash1S missile system?
Uttarakhand received the first prize in September 2022 from the Ministry of Tourism in which of the following Categories?
a) Best adventure touri...
Who is the regulator of ECGC?
The Quit India Movement was launched in which year?