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What are the methods of accounting for amalgamation of companies?

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Question added by Abdul Khalique , Finance Manager , Value Real Estate & Construction
Date Posted: 2016/03/13
Frank Mwansa
by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

1. the pooling of interests method- were the assets, liabilities and reserves of the transferor company are recorded by the transferee company at their carrying amounts.

2. the purchase method- is used in accounting for amalgamation in the nature of purchase

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