The following balance sheets were drawn up as at 31 March 20X5. The person drafting the balance sheet of Parent Ltd was not too sure of an item and has shown it as a suspense amount.

*The balance of £7,000 is after deducting the dividend for 20X4 of £8,000.

Required:

Draw up the consolidated balance sheet as at 31 March 20X5.

Transcribed Image Text:

Investment in subsidiary: 50,000 shares bought 31.3.20X4 Fixed assets Current assets Share capital Profit and loss: As at 31.3.20X4 Add Profit for 20X5 Parent Ltd Balance Sheet as at 31 March 20X5 Suspense* E 15,000 24,000 E 68,000 70,000 9,000 147,000 100,000 39,000 8,000 147,000