12.6 The following information is extracted from the balance sheets of A Ltd and B Ltd as...

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12.6 The following information is extracted from the balance sheets of A Ltd and B Ltd as at 31 March 20X7. At that date, A Ltd purchased all the shares in B Ltd.

A Ltd B Ltd

£000

£000 Fixed assets 800 300 Investments in B Ltd 550

Current assets:

Stock 300 160 Debtors 160 70 Bank 90 20 550 250 Less: Current liabilities:

Creditors 250 90 Net current assets 300 160 1,650 460 Share capital and reserves Share capital 1,000 400 Retained earnings 650 60 1,650 460 Required:

Prepare a consolidated balance sheet as at 31 March 20X7.

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Principles Of Financial Accounting

ISBN: 9780273676300

3rd Edition

Authors: Ian Gillespie, Richard Lewis, Kay Hamilton

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Question Posted: Jul 12, 2024 03:03 AM

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12.6 The following information is extracted from the balance sheets of A Ltd and B Ltd as...

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Principles Of Financial Accounting

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