The following are the Balance Sheets of H Ltd. and S Ltd. as at 31st December, 2015:
Question:
The following are the Balance Sheets of H Ltd. and S Ltd. as at 31st December, 2015:
(i) H Ltd. purchased on 1st July, 2015, 4,000 shares in S Ltd. at ₹ 15 each.
(ii) Stock of S Ltd. includes ₹ 7,500 worth of goods purchased from H Ltd., which company sells goods at 25% above cost. Prepare a Consolidated Balance Sheet of H Ltd. and its subsidiary S Ltd. as at 31st December, 2015.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted: