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Calculate the Minority Interest to be shown in the Balance Sheet of the Holding company as on 31.03.2022 from the following details: 1. Holding company
Calculate the "Minority Interest "to be shown in the Balance Sheet of the Holding company as on 31.03.2022 from the following details:
1. Holding company holds 70% of the equity shares issued by the subsidiary company
2. The issued share capital, accumulated profits and reserves of the subsidiary company stand at Rs 30 lakhs, Rs 7 lakhs and Rs 5 lakhs respectively as on 31.03.22
3. The subsidiary company has not recorded the loss of stock amounting to Rs 2 lakhs which
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