From the following balance sheet, prepare consolidated balance sheet of Ram Limited (RL) that has one subsidiary namely Mohan Limited (ML) ML had a credit balance of 45,000 in its profit and loss account as on April 1, 2010 RL acquired shares in ML on July 1, 2010 at a cost of 2,00,000 Liabilities ...

Explanation i Here RL holds 60 1800 out of 3000 shares of ML hence it is not wholly owned ...

From the following balance sheet, prepare consolidated balance sheet of Ram Limited (RL) that has one subsidiary

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From the following balance sheet, prepare consolidated balance sheet of Ram Limited (RL) that has one subsidiary namely Mohan Limited (ML).

Liabilities Share capital (face value * 100 each) General reserve Profit and loss a/c Sundry creditors

ML had a credit balance of ₹45,000 in its profit and loss account as on April 1, 2010. RL acquired shares in ML on July 1, 2010 at a cost of ₹2,00,000.

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Financial Accounting

ISBN: 9780071078023

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Authors: Dhanesh K. Khatri

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Question Posted: Dec 19, 2023 05:50 AM

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From the following balance sheet, prepare consolidated balance sheet of Ram Limited (RL) that has one subsidiary

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Explanation i Here RL holds 60 1800 out of 3000 shares of ML hence it is not wholly owned ...View the full answer

Financial Accounting

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