Balance Sheet as on 31 st March 2023: Liabilities H. Ltd. (₹) S.Ltd. (₹) Assets H.Ltd. (₹) S.Ltd. (₹) Share capital 1,50,000 1,00,000 Sundry Assets 1,00,000 1,52,000 Share of ₹ 10 each Investment P & L Account 25,000
CS Executive · Corporate and Management Accounting · PYQS · December 2023
Balance Sheet as on 31 st March 2023: Liabilities H. Ltd. (₹) S.Ltd. (₹) Assets H.Ltd. (₹) S.Ltd. (₹) Share capital 1,50,000 1,00,000 Sundry Assets 1,00,000 1,52,000 Share of ₹ 10 each Investment P & L Account 25,000 32,000 8000 shares in S Ltd. 1,10,000 Creditors 35,000 20,000 2,10,000 1,52,000 2,10,000 1,52,000 If shares have been acquired by H.Ltd. on 30 th December, 2022 and on that date the credit balance in P & L Account of S Ltd. was ₹ 22,000 (no dividend was declared since that date), the minority interest is:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Corporate Accounting
Related Questions in this Topic
- The date that award exercised satisfied conditions of agreement is called:
- Which of the following is not the method of valuation of goodwill?
- Which of the following is not a method of business valuation?
- An investor wants to invest in the equity shares of XYZ Ltd for one year. The company is expected to declare a dividend ...
- Asset backing or intrinsic value or break-up value method is also called :