From the following balance sheet, prepare consolidated balance sheet of Simple Limited (SL) that has one subsidiary
Question:
From the following balance sheet, prepare consolidated balance sheet of Simple Limited (SL) that has one subsidiary namely ML.
ML had a credit balance of ₹45,000 in its profit and loss account as on April 1, 2010. SL acquired shares in ML Limited on October 1, 2010. On this date, land and building of Deepak was valued at ₹2,50,000 and plant and machinery at ₹1,90,000 only.
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Consolidated Balance Sheet of SL and its Subsidiary ML As on March 31 2011 Liabilities Share capital ...View the full answer
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