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ue Text-field given below. The balance sheets of Agoya motors (AM) Ltd. and Agoya communication services (ACS) Ltd. for the year ending 31 December 2020
ue Text-field given below. The balance sheets of Agoya motors (AM) Ltd. and Agoya communication services (ACS) Ltd. for the year ending 31 December 2020 are given below. Prepare a consolidated balance sheet. AM Ltd. ACS Ltd. I. Equities and Liabilities Share capital: Shares of AED 50 each Creditors Reserves P & L a/c Total 5,00,000 2,00,000 1,00,000 20,000 10,000 50,000 30,000 6,50,000 2,70,000 II. Assets Sundry Assets: 3,50,000 2,60,000 Investment in the shares of ACS Ltd. 4000 shares (at cost) 3,00,000 Total 6,50,000 2,60,000
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