H Ltd GH'000 Non-current assets 100 Investments in S Ltd at cost 90 Current assets 50 240
Fantastic news! We've Found the answer you've been seeking!
Question:
H Ltd GH'000
Non-current assets 100 Investments in S Ltd at cost 90 Current assets 50
240
Ordinary share capital (GH share) 120 Income statement 70 Current liabilities 50
240
S Ltd GH'000
80 -
60 140
80 40 20
140
Statement of Financial Position at 31 December 2019
H Ltd acquired 60,000 GH1 share in S Ltd on 30 June 2019 for GH90,000 when the income statement surplus of S Ltd amounted to GH30,000.
Required:
Prepare the consolidated financial statement for the group.
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
Posted Date: