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AS 14
ACCOUNTING FOR AMALGAMATIONS
Objective: Accounting
for amalgamations and the treatment of any resultant goodwill or
reserves is discussed in this standard.
Scope:
1.
Accounting for amalgamations and
2.
Treatment of any resultant goodwill or reserves.
It does not
deal with acquisition by one company of another company in
consideration for payment in cash or by issue of shares.
Recognition and measurement principles:
In case
of purchase method: If
Consideration > Net Asset value:
GOODWILL
Consideration < Net Asset value:
CAPITAL RESERVE
Disclosure requirements:
In first year,
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