After one year of acquisition both the companies presented their respective balance sheets as on 31st March
Question:
After one year of acquisition both the companies presented their respective balance sheets as on 31st March 2017 as follows:
Additional Information
1. During the year Sundra Limited sold goods costing ₹ 660 million to Satya Limited for ₹ 800 million which in turn sold it to its customers for ₹ 920 million.
2. The trade receivables of Sundra Limited include a sum of ₹ 430 million receivable from Satya Limited.
3. Satya Limited gave a loan of ₹ 1,000 million to Sundra Limited on 1st October 2016 at 10%. The principal and interest thereon is outstanding on the date of the balance sheet.
You are required to prepare the consolidated balance sheet on 31st March 2017.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: