Draw up a consolidated statement of financial position as at 31 October 2016 from the following information.
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Draw up a consolidated statement of financial position as at 31 October 2016 from the following information.
The dividend of Twins Ltd is for 2016 but has not yet been brought into the ledgers of Parents United Ltd as the accountant was unsure what entries should be made.
Transcribed Image Text:
Parents United Ltd Statement of Financial Position as at 31 October 2016 Non-current assets Investment in subsidiary: 63,000 shares bought 31.10.2015 Other non-current assets Current assets Share capital Retained profits: As at 31.10.2015 Add Profit for year to 31.10.2016 4 51,000 30,000 £ 120,000 82,000 39,000 241,000 160,000 81,000 241,000
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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