Satya Limited acquired 80% of equity capital of Sundra Limited on 1st April 2016 for 575

Question:

Satya Limited acquired 80% of equity capital of Sundra Limited on 1st April 2016 for ₹ 575 million in an allcash deal. The balance sheets of the two companies immediately before the transaction are given in the following:

Particulars Share capital Other equity Loan funds Trade payables Fixed assets Cash Inventories Trade

You are required to prepare the consolidated balance sheet of Satya Limited immediately after acquisition.

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Financial Accounting For Managers

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Question Posted: Dec 05, 2023 03:03 AM

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Satya Limited acquired 80% of equity capital of Sundra Limited on 1st April 2016 for 575

Question:

Particulars Share capital Other equity Loan funds Trade payables Fixed assets Cash Inventories Trade receivables Loans and advances Other assets (in Million) Satya Ltd 280 5,995 6,230 4,420 16,925 8,376 870 855 3,380 874 2,570 16,925 Sundra Ltd 60 804 460 640 1,964 412 85 471 432 28 536 1,964

Step by Step Answer:

To prepare the consolidated balance sheet for Satya Limited immediately after the acquisition of Sundra Limited well have to perform a series of steps The consolidated balance sheet combines the finan...View the full answer

Financial Accounting For Managers

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