Papai Ltd bought 51 per cent of the shares in Sons and Co Ltd on 31 October

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Papai Ltd bought 51 per cent of the shares in Sons and Co Ltd on 31 October 2007. From the following balance sheets you are to draw up the consolidated balance sheet as at 31 October 2008.

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Business Accounting Uk Gaap Volume 2

ISBN: 9780273718802

1st Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: May 24, 2024 09:10 AM

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Papai Ltd bought 51 per cent of the shares in Sons and Co Ltd on 31 October

Question:

Papai Balance Sheet as at 31 October 2008 Investment in Sons and Co Ltd: 40,800 shares Fixed assets Current assets Share capital Profit and loss account: As at 31.10.2007 Add Profit for 2008 E 60,000 74,000 36,000 170,000 125,000 19,000 26,000 45,000 170,000

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Business Accounting Uk Gaap Volume 2

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