a) Record the consolidated journal entries necessary to prepare consolidated accounts for the year ending 30 June
Question:
a) Record the consolidated journal entries necessary to prepare consolidated accounts for the year ending 30 June 2022 for the group comprising M Ltd and N Ltd (In Sheet 2: Consolidated Journal Entries)
b) Complete the consolidated worksheet for the year ending 30 June 2022 (In Sheet 3: Consolidated Worksheet). i. Entering the consolidated journal entries in Part (a) above to the appropriate debit and credit columns in the Consolidated Worksheet; and ii. Completing the Group figures in the Consolidated Worksheet.
Background information:
Please complete Sheet 3: Consolidated Worksheet
Complete Sheet 2: Consolidated Journal Entries
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett