Under Ind AS 103 acquisition method

Under Ind AS 103 only acquisition method is used for business combination. The Standard eliminates the now-optional pooling-of-interests method and mandates the Purchase Method in accounting for a Business Combination.Purchase method requires the Acquiring Company to fair value all the identified Assets and Liabilities and also recognise additional liabilities if any, at fair values on balance sheet. It requires allocating the Purchase Price to all the items on the balance sheet and also off the balance sheet contingent liabilities.

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