Holding of H Ltd. was 75% in S Ltd. Other information obtained from the books of S Ltd. were as under: 31st March, 2019 (₹ in Lakh) Share Capital 150, General Reserve 25, Surplus : Statement of Profit and Loss 35, Capita

CS Executive · Corporate and Management Accounting · PYQS · December 2019
Holding of H Ltd. was 75% in S Ltd. Other information obtained from the books of S Ltd. were as under: 31st March, 2019 (₹ in Lakh) Share Capital 150, General Reserve 25, Surplus : Statement of Profit and Loss 35, Capital Reserve 10. If the cost of investment in shares of S Ltd., for H Ltd. was ₹162 Lakh, the amount of cost of control would be :
(A) ₹12 Lakh (Goodwill)
(B) ₹3 Lakh (Goodwill)
(C) ₹3 Lakh (Capital Reserve)
(D) ₹4.50 Lakh (Goodwill)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Consolidated Financial Statements

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