From the following balance sheet, prepare consolidated balance sheet of Dinesh Limited, which has one subsidiary namely
Question:
From the following balance sheet, prepare consolidated balance sheet of Dinesh Limited, which has one subsidiary namely Deepak Limited:
Deepak Limited had a credit balance of ₹45,000 in its profit and loss account as on April 1, 2010. Dinesh Limited acquired shares in Deepak Limited on October 1, 2010.
Transcribed Image Text:
Liabilities Share capital (face value * 100 each) General reserve Profit and loss a/c Sundry creditors Balance Sheet as on March 31, 2011 Dinesh Deepak 15,00,000 3,00,000 2,00,000 3,00,000 2,50,000 22,50,000 1,05,000 95,000 5,00,000 Assets Land and building Plant and machinery Investment (2,700 shares of Deepak) Current assets (Rupees in crore) Dinesh Deepak 12,00,000 2,00,000 2,00,000 2,00,000 2,70,000 5,80,000 1,00,000 22,50,000 5,00,000
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Explanation i Here Dinesh Limited holds 90 2700 out of 3000 shares of Deepak Limited Hence i...View the full answer
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