Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pls ASAP, it will be appraised Sun Lid. Voor 'n pot acquie 650,000 ich the in on whic 55. Pre allos sances 54702 9990 18,800
Pls ASAP, it will be appraised
Sun Lid. Voor 'n pot acquie 650,000 ich the in on whic 55. Pre allos sances 54702 9990 18,800 2006 Puld acc w.com 13. The summarised Balance Sheets of Sun Ltd. and Moon Ltd. as on December 31.1996 were foli ws: Sun Ltd. Moon Ltd. 'Liabilities Assets ) Capital 2,500 equity Plant 1,20,000 shares of 100 each 2,50,000 Premises 75,000 1,000 equity shares of Investment in 100 each 1,00,000 Moon Ltd. at cost 1,70,000 Capital reserve 60,000 Stock 70.000 General reserve 1,20,000 Debtors 21,000 Priit & Loss A/C 28,600 18,000 Amount owed by Bank loan 50,000 4,200 Moon Ltd. 1,000 Bilis payable including Bank 7,250 4.000 capital 1,500 to Sun Ltd. 23,550 Bills receivable Reser Creditors 500 (including 1,500 Creditors: 4,000 from Moon Ltd.) 7,900 Honey Ltd. Els Others Cred 4,72,150 1,86,700 4,72,150 1,86.700 Sun Ltd. acquired 800 equity shares of 100 each in Moon Ltd. on 1st April, 1996. Prepare a consolidated Balance Sheet as on Dec. 31.1996 showing your workings. (a) Sundry creditors of Sun Ltd. includeStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started