Immediately after Pa, Ma and Co Ltd had achieved control of Sub 1 Ltd and Sub 2
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Immediately after Pa, Ma and Co Ltd had achieved control of Sub 1 Ltd and Sub 2 Ltd the following balance sheets are drawn up. You are to draw up the consolidated balance sheet.
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Pa, Ma and Co Balance Sheet Investments in subsidiaries: Sub 1 Ltd 16,000 £1 Ordinary shares Sub 2 Ltd 24,000 £1 Ordinary shares Fixed assets Current assets Share capital - Ordinary £1 shares Profit and loss account General reserve f 30,000 38,000 81,000 27,000 176,000 100,000 56,000 20,000 176,000
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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