Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 2 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 10 Oct 2017 My Price 6.00

Pre-acquisition loss

Model: Pre-acquisition loss The balance sheet of H Ltd. and its subsidiary S Ltd. as on 31 December 2010 were as follows:

Liabilities

H Ltd.
Rs.

S Ltd.
Rs.

Assets

H Ltd.
Rs.

S Ltd.
Rs.

Share Capital:

    

Sundry Assets

80,000

50,000

Shares of Z10 Each

50,000

30,000

Investments:

    

General Reserve

20,000

—

2,000 Shares in S Ltd.

20,000

—

Profit & Loss Account

20,000

9,000

      

Creditors

10,000

11,000

      
 

1,00,000

50,000

  

1,00,000

50,000

The shares were purchased by H Ltd. and S Ltd. in 30 June 2010. On 1 January 2010, the P&L A/c of S Ltd. showed a loss of Rs.15,000 which was written off from out of the profits earned during the year. Profits are earned uninformally over the year 2010. Prepare a consolidated balance sheet of H Ltd. and S Ltd. as on 31 December 2010 giving all workings.

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Oct 2017 02:10 PM My Price 6.00

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