Prepare the necessary general legged T-accounts to record these transactions for the year ended 30 June 2018. Dates can be ignored. Calculate the amouns (relating to this investment only) to be recognized in the financial statements of Thuthukani Ltd for the year ended 30June 2018.

Hint: Ledger Accounts required are:

Investment in NY Ltd

Revaluation account

Dividends Accounts

Statement of financial Position extract

Statement of comprehensive income extract

Working