From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated balance sheet of H Limited Additional Information 1 The face value of shares of both companies is 10 2 H Limited holds 60 share in S Limited at a cost of 78 52 million 3 At the time of a...

Capital reserve Minority interest Other equity Intragroup balances Consol ...

From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated

Question:

From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated balance sheet of H Limited.

Particulars Share capital Other equity Trade payables Assets Trade receivables Investments (in Million) H

Additional Information

1. The face value of shares of both companies is ₹ 10.

2. H Limited holds 60% share in S Limited at a cost of ₹ 78.52 million.

3. At the time of acquisition, the other equity of S Limited stood at ₹ 9.60 million.

4. Trade payables of S Limited includes a sum of ₹ 7.5 million due to H Limited.

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Financial Accounting For Managers

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Question Posted: Dec 05, 2023 03:03 AM

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From the following balance sheets of H Limited and S Limited and additional information prepare the consolidated

Question:

Particulars Share capital Other equity Trade payables Assets Trade receivables Investments (in Million) H Limited 174.50 69.80 26.17 270.47 169.50 22.45 78.52 270.47 S Limited 87.30 26.17 17.45 130.92 112.17 18.75 0.00 130.92

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