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Amalgamation is covered under Accounting Standard AS-14. Amalgamations can be of two types: merger or absorption. Amalgamation requires approval from 75% of shareholders. The pooling of interest method records assets and liabilities at book value by the new company. Goodwill or capital reserve can arise under the purchase method of accounting. In a merger, all assets and liabilities are taken over at book values.

Author

PAWAN CHHABRIA

Language

EN