From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated balance sheet of H Limited Additional Information 1 The face value of shares of both companies is 10 2 H Limited holds 60 share in S Limited at a cost of 78 52 million 3 At the time of a...

Capital reserve Minority interest Other equity Intragroup balances Consol ...

From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated

Question:

From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated balance sheet of H Limited.

Particulars Share capital Other equity Trade payables Assets Trade receivables Investments (in Million) H

Additional Information

1. The face value of shares of both companies is ₹ 10.

2. H Limited holds 60% share in S Limited at a cost of ₹ 78.52 million.

3. At the time of acquisition, the other equity of S Limited stood at ₹ 9.60 million.

4. Trade payables of S Limited includes a sum of ₹ 7.5 million due to H Limited.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Financial Accounting For Managers

ISBN: 9789352868339

3rd Edition

Authors: Sanjay Dhamija

See More Books

Question Posted: Dec 05, 2023 03:03 AM

See More Questions

From the following Balance Sheets of H Ltd. and its subsidiary S Ltd. as at 31.12.2015 prepare a Consolidated Balance Sheet: On the date when H Ltd. acquired shares in S Ltd. latters reserve stood at...
You are given the following Balance Sheets of H Ltd. and S Ltd. as on December 31, 2015: The Profit and Loss Account of S Ltd. showed a credit balance of 50,000 on January 1, 2015. A dividend of 15%...
From the following Balance Sheets of H Ltd. and its subsidiary S Ltd. drawn up at 31st December 2015, prepare a Consolidated Balance Sheet. At the date of acquisition of shares, the General Reserve...
Courts are more willing to find misrepresentation if the defendant has a fiduciary relationship with the plaintiff than if a transaction occurs at arms length between the parties. True False
Describe the accounting procedures when using the direct write-off method to account for uncollectible accounts.
Carlos Sanguine, Inc., makes premium wines and table wines. Grapes are crushed and the free-flowing juice and the first- processing juice are made into premium wines ( bottles with corks). The...
Plaintiff visited South Chicago on January 10, 2008, seeking a new 2008 Nissan Versa (Versa) with manual transmission, anti-lock brakes, and other features. He was told by the employees of South...
Perfectionist Construction Company was the low bidder on an office building construction contract. The contract bid was $9,000,000, with an estimated cost to complete the project of $7,000,000. The...
*7. Verify the divergence theorem (i.e. show in the mathematical statement of the theorem that LHS = RHS) for the vector field A = 2xzi+zxj + (z xyz + 2)k, : and the region in z 0 enclosed by x +...
After one year of acquisition both the companies presented their respective balance sheets as on 31st March 2017 as follows: Additional Information 1. During the year Sundra Limited sold goods...
S Limited, a 100% subsidiary company of H Limited, sold goods costing 120 million to H Limited for 160 million during the year. Out of these, 40% of the goods are still unsold and are included in...
The forces shown are the resultant downward loads on sections of the flat roof of a building because of accumulated snow. Determine the magnitude and the point of application of the resultant of...
how to response this message : "Affirmative Action is the practice or policy of favoring people or groups that are more likely to be subject to discrimination. After watching the ted talk from Rocio...
A patient has aA patient has an order for a continuous infusion of Regular insulin at 8 milliliters per hour for a blood glucose level of 840 mg/dL. The insulin has a concentration of Regular insulin...
When planning a report as an assignment to the board of directors indicating a strategy following redesign and restructuring, how can I make reference to possible outcomes of proposals ? And I am to...
do you think people with positive criminal backgrounds should be allowed to work in hospitals?
. A patient has a DNR prominently displayed in their medical chart while they are in the hospital; a nurse sees the patient choke on an olive that becomes stuck; what should the nurse do? . A...
A shoe retailer conducted a study to determine whether there is a difference in the number of pairs of shoes sold per day by stores according to the number of competitors within a 1-mile radius and...
Feller Company purchased a site for a limestone quarry for $100,000 on January 2, 2019. It estimate that the quarry will yield 400,000 tons of limestone. It estimates that its retirement obligation...
If a company sells its products only from a website, which is accessible over the Internet to customers from all over the world, does it still need to worry about having a specific ta r get market?...
Explain, in your own words, what each of the four Ps involves.
Evaluate the texts statement, A marketing strategy sets the details of implement a tion.
The force exerted by a 2.4-m massless string on a 0.84-kg object being swung in a horizontal circle is 4.2 N. What is the tangential velocity of the object?
Consider the acceleration of a good sports car in real life . (1) Pick a certain car model, which could be the one you are driving, or the one you wish you were --- and search online for its...
Can you explain why we neglect the gravitational force between most objects unless at least one of them has an enormous mass (Earth, moon, Sun)

From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated

Question:

Particulars Share capital Other equity Trade payables Assets Trade receivables Investments (in Million) H Limited 174.50 69.80 26.17 270.47 169.50 22.45 78.52 270.47 S Limited 87.30 26.17 17.45 130.92 112.17 18.75 0.00 130.92

Step by Step Answer:

Capital reserve Minority interest Other equity Intragroup balances Consol...View the full answer

Financial Accounting For Managers

Students also viewed these Business questions