The following worksheet (extract) has been prepared for the consolidation of Esk Ltd and Urban Ltd. Required
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Question:
The following worksheet (extract) has been prepared for the consolidation of Esk Ltd and Urban Ltd.
Required
Describe why each of the adjustment entries in the worksheet is required during consolidation making reference to a corresponding Debit or Credit entry. There may be more than one possible reason for an adjustment, any valid reason will be accepted.
Description | ||
a) Receivables Cr | ||
b) Inventories Dr | ||
c) Shares in Urban Cr | ||
d) Plant & Equipment Dr | ||
e) Accum Depreciation Cr | ||
f) Dividend payable Dr | ||
g) Share capital Dr | ||
h) Retained earnings Dr | ||
I) General Reserve Dr | ||
j) Business Combination Valuation Reserve Dr of Cr |
Related Book For
Quality Inspired Management The Key to Sustainability
ISBN: 978-0131197565
1st edition
Authors: Harold Aikens
Posted Date: