On 30th June, 2018, two-third of the shares of S Ltd. (with total capital of ₹48,00,000) was acquired by H Ltd. The balance sheet of S Ltd. showed a debit balance ₹24,00,000 on 1st January, 2018 and a credit balance of ₹
CS Executive · Corporate and Management Accounting · PYQS · December 2020
On 30th June, 2018, two-third of the shares of S Ltd. (with total capital of ₹48,00,000) was acquired by H Ltd. The balance sheet of S Ltd. showed a debit balance ₹24,00,000 on 1st January, 2018 and a credit balance of ₹14,40,000 on 31st December, 2018. The investment by H Ltd. in shares of S Ltd. is ₹36,00,000. Calculate the "cost of control" in this acquisition :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Corporate Accounting
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