Draw up a consolidated balance sheet as at 31 October 20X3 from the following information. The proposed
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Draw up a consolidated balance sheet as at 31 October 20X3 from the following information.
The proposed dividend of Son and Daughter has not yet been brought into the financial statements of Pa and Ma Ltd.
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Investment in subsidiary: 42,000 shares bought 31.10.20X2 Fixed assets Current assets Share capital Profit and loss: Pa and Ma Ltd Balance Sheet as at 31 October 20X3 As at 31.10.20X2 Add Profit for 20X3 £ 35,000 13,000 £ 70,000 60,000 18,000 148,000 100,000 48,000 148,000
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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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