A After P Ltd acquired 75 per cent of the shares of S Ltd the following balance sheets are drawn up You are to draw up the consolidated balance sheet Investments in S Ltd 1,200 shares Fixed assets Stock Debtors Bank Share capital Fixed assets Stock Debtors Bank Share capital P Balance Sheet 1,550 2...

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A After P Ltd acquired 75 per cent of the shares of S Ltd the following balance

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A After P Ltd acquired 75 per cent of the shares of S Ltd the following balance sheets are drawn up. You are to draw up the consolidated balance sheet. image text in transcribed

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ISE Business Accounting

ISBN: 9780273638407

8th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: May 23, 2024 02:00 AM

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A After P Ltd acquired 75 per cent of the shares of S Ltd the following balance

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Investments in S Ltd: 1,200 shares Fixed assets Stock Debtors Bank Share capital Fixed assets Stock Debtors Bank Share capital P Balance Sheet 1,550 2,450 1,000 800 200 6,000 6,000 6,000 S Balance Sheet 800 400 250 150 1,600 1,600 1,600

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