Papi Ltd acquired all the shares in Son and Sister Ltd and then the following balance sheets
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Papi Ltd acquired all the shares in Son and Sister Ltd and then the following balance sheets were drawn up. You are to prepare a consolidated balance sheet.
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Papi Balance Sheet Investment in Son and Sister Ltd - Ordinary £1 shares Fixed assets Stock Debtors Bank Share capital - Ordinary £1 shares £ 70,000 120,000 32,000 26,000 2,000 250,000 250,000 250,000
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Item Papi Ltd Son and Sister Ltd Consolidated Fixed Assets 120000 380...View the full answer
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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