From the following balance sheets you are to draft a consolidated balance sheet for the group of (P, S 1 ) and (S 2 ) P Balance Sheet as at 31 December 19X7 Investment in S1 9,000 shares bought 31 12 19X6 Fixed assets Current assets Share capital Profit and loss account As at 31 12 19X6 Add Profit ...

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From the following balance sheets you are to draft a consolidated balance sheet for the group of

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From the following balance sheets you are to draft a consolidated balance sheet for the group of $P, S 1$ and $S 2$. 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 27, 2024 03:00 AM

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From the following balance sheets you are to draft a consolidated balance sheet for the group of

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P Balance Sheet as at 31 December 19X7 Investment in S1: 9,000 shares bought 31.12.19X6 Fixed assets Current assets Share capital Profit and loss account: As at 31.12.19X6 Add Profit for 19X7 General reserve 4 23,000 99,000 25,000 147,000 100,000 15,000 22,000 37,000 10,000 147,000

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ISE Business Accounting

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