From the following balance sheets prepare a consolidated balance sheet for the group of Parenting Ltd, Sub A and Sub B Parenting Ltd Balance Sheet as at 31 March 20X3 Investment in Sub A 40,000 shares bought 31 3 20X2 Fixed assets Current assets Share capital Profit and loss As at 31 3 20X2 Add Pro...

To prepare a consolidated balance sheet for the group consisting of Parenting Ltd Sub A and Sub B well first need to aggregate the individual assets and liabilities of the three entities and then make ...

From the following balance sheets prepare a consolidated balance sheet for the group of Parenting Ltd, Sub

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From the following balance sheets prepare a consolidated balance sheet for the group of Parenting Ltd, Sub A and Sub B.

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Frank Woods Business Accounting Volume 2

ISBN: 9780273693109

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Sep 10, 2023 06:06 AM

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From the following balance sheets prepare a consolidated balance sheet for the group of Parenting Ltd, Sub

Question:

Parenting Ltd Balance Sheet as at 31 March 20X3 Investment in Sub A: 40,000 shares bought 31.3.20X2 Fixed assets Current assets Share capital Profit and loss: As at 31.3.20X2 Add Profit for year ended 31.3.20X3 £ 107,500 90,000 £ 97,500 500,000 100,000 697,500 500,000 197,500 697,500

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Frank Woods Business Accounting Volume 2

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