S Limited, a 100% subsidiary company of H Limited, sold goods costing 120 million to H
Question:
S Limited, a 100% subsidiary company of H Limited, sold goods costing ₹ 120 million to H Limited for ₹ 160 million during the year. Out of these, 40% of the goods are still unsold and are included in the balance sheet of H Limited at cost to it. How will the above transaction be treated in the consolidated financial statements?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: