P Ltd acquires 95 per cent of the shares of (S ) Ltd The following balance sheets are then drafted You are to draw up the consolidated balance sheet Investment in S 2,850 shares Fixed assets Stock Debtors Bank Share capital Fixed assets Stock Debtors Bank Share capital P Balance Sheet 2,475 2,700 1...

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P Ltd acquires 95 per cent of the shares of (S) Ltd. The following balance sheets are

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P Ltd acquires 95 per cent of the shares of $S$ Ltd. The following balance sheets are then drafted. 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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P Ltd acquires 95 per cent of the shares of (S) Ltd. The following balance sheets are

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Investment in S: 2,850 shares Fixed assets Stock Debtors Bank Share capital Fixed assets Stock Debtors Bank Share capital P Balance Sheet 2,475 2,700 1,300 1,400 125 8,000 8,000 8,000 S Balance Sheet 625 1,700 600 75 3,000 3,000 3,000

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