Prepare the Consolidated Statement of Financial Position for the Jenny group as at 31 March 2014.

E. S (the sub) had a balance of $1.5 million payable to P (the parent) which did not agree with Ps records which showed $1.7 million receivable from S at 31 March 2014, the Statement of Financial Position date. S had sent $0.2 million to P just before the year end but, because of a postal strike, was not received by P until April 2014.

Required: What should be the accounting treatment for the above transaction