Albert Ltd regularly sells goods to its wholly-owned subsidiary company Brooklyn Ltd, which it has owned since
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Question:
Albert Ltd regularly sells goods to its wholly-owned subsidiary company Brooklyn Ltd, which it has owned since Brooklyn Ltd.'s incorporation. The statement of financial position of the two companies on 28th February 2023 is given below:
Show the proforma journals for each
- Which accounting standards influence the preparation of the consolidated accounts for the group?
- Prepare a consolidated account for the group that ended 28th February 2023
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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