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Differentiate the absorption from amalgamation?
ABSORPTION: Absorption is where, an existing company goes into liquidation and another existing company takes over the biz of the liquidated company!AMALGAMATION: The term amalgamation is used when 2 or more existing companies went into liquidation and a new company is formed to take over the biz.
Is capital reserve a free reserve?
capital reserve is not a free reserve
What is consolidated reserve?
consolidated revenue reserve
Difference between amalgamation under the nature of merger and purchase?
opening entries in the case of amalgamation in the nature of merger (pooling of interest method) 1) for purchase consideration payable: Business purchase a/c dr To liquidators of transferor(seller) company 2)for incorporation of assets,liabilities and reserves: various assets(taken over) a/c dr general reserve or (capital loss)a/c dr (bal fig) To creditors To bills payable To reserves(other than general reserve or p/l A/c when general reserve is not there) To p/l a/c To business purchase a/c To general reserve a/c (capital gain) (bal fig) BUT WHERE AS IN THE NATURE OF PURCHASE METHOD: purchase consideration remains the same ,but for incorporation of assets and liabilities: plant and machinery a/c (revised value) dr land and building a/c (revised value) dr other fixed assets a/c (revised value) dr debtors a/c (revised value) dr stock a/c (revised value) dr bank a/c dr goodwill a/c (bal fig) To creditors To bills payable To other liabilities To capital reserve a/c (bal fig) all other format remains the same... for more information refer bbm 3rd sem corporate accounting..:)
What is reserve repo rate?
what is reserve repo rate
When was The Amalgamation Polka created?
The Amalgamation Polka was created in 2006.
What are the problems that arise due to amalgamation of firms?
problems relating to amalgamation
What are types of amalgamation?
The main types of amalgamation are long form amalgamation and short form amalgamation. Long form is when two or more companies amalgamate and go on as one of the original companies or when they for a new company. Short form is the amalgamation of subsidiaries and holding company or wholly owned.
What is a sentence for the word amalgamation?
The technical report was an amalgamation of the studies of the various groups. After the amalgamation of the drilling companies, many managers and supervisors lost their jobs.
When was Georgian Trade Union Amalgamation created?
Georgian Trade Union Amalgamation was created in 1991.
What has the author Henry Wurtz written?
Henry Wurtz has written: 'On sodium amalgamation' -- subject(s): Amalgamation
What are the causes of amalgamation?
cheedi
How would you use amalgamation in a sentence?
The final document represents an amalgamation of those statements which were accepted by all the participants.
What are the advantages and disadvantages of amalgamation?
The advantages of amalgamation are the following:Bigger cityThe disadvantages to amalgamation are the following:you have less say in your communitythe laws changeIt could be the marriage,where you become a responsible person and will also have a nice family.
What is the difference between amalgamation in the nature of purchase of companies and acquisition of companies?
what is the difference between amalgamated company and amalgamation company
When was the amalgamation of Hartlepool and West Hartlepool?
1908
Can a private school charge amalgamation fees?
no they can not
