Trading particulars of Alpha and its 75% controlled subsidiary Beta are shown. During the year Alpha sold
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Trading particulars of Alpha and its 75% controlled subsidiary Beta are shown. During the year Alpha sold goods to Beta for £90,000 and a third of these goods remain unsold with Beta by the yearend. Alpha invoices goods to Beta at cost plus 20%. Identify the realised gross profit of the group.
Transcribed Image Text:
Alpha Sales £720,000 Cost of sales (£480,000) Beta £325,000 (£190,200) a £230,600 b £274,800 c £369,800 C d £241,100
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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