Professional Documents
Culture Documents
Consolidation Master Question With Solution
Consolidation Master Question With Solution
Adjustments
Following is the Balance sheet of Holding Ltd. and Subsidiary Ltd. as on 31st March
20X3:
- - -
PARTICULARS
O HOLDING
LTD.
SUBSIDIARY
LTD.
without
Bare
Equity and Liabilities
↳
Equity Share Capital (10/- Each) 12,00,000 10,00,000
O G
-
3,00,000 mIt
-
-
10% Debentures
O
⑧ Go
18,00,000 12,00,000
4,00,000 1,50,000
61,50,000 42,00,000
Assets
Land and Building 13,50,000 6
17,00,000
Plant & Machinery - 8,20,000 -
12,00,000
Goodwill 1,00,000 -
Investments:
Equity Shares of Subsidiary Ltd. 15,00,000 -
-Grant
-
61,50,000 42,00,000
- -
- 6. In the month of January 20X3, Goods sold by Holding Ltd. having Cost of Rs.
oo
--
- -
2,50,000 at Rs. 3,00,000. 60% of such goods are unsold and laying with Subsidiary.
-
7. In the month of March 20X3, Goods costing Rs. 1,25,000 sold by subsidiary at
- - - &
20% Profit on Sales. Out of which, goods of 50,000 (sales value) are unsold with
- - -
Holding.
-
in
whose entry is not yet passed.
-
G
8. On 31st March, Subsidiary Ltd. has issued Bonus Equity Shares in the ratio of 1:5,
- 9. All Bills Payable of S Ltd. are accepted in favour of H Ltd. However H Ltd. has
⑧
- -
-
10. Trade Creditors of S Ltd. includes 40,000 payable to H Ltd. but Trade Debtors
-
- - --
of H Ltd. includes 50,000 receivable from S Ltd. The difference can be treated
-
-
as Cash in Transit.
-
Inse
offset
Difference - Cars Bas .
Yulx2 DOA
48 %0 3.13/x3
775 /- %
I I D
'Alosis ↑
1171x2I
s
GRE 210000 GR = 600, 000
paid (PY)
↓
Pal = 150
, 000 PE = 450000
(PreA(g)
120000
NV 2200000
e
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
30000 Unrealised element
profit >
-
Cars Ras
Stace
10000 Unrealised profit >
-
Hop
↓
post
CaterTad)
&
Stock
Bau = 200000
~T
preff ess with
Barus
always
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
WN-1
-
AOP ! -
Bal OFGR .
000 390
210
, 000
0 -
600
Bal of por 150000 -
300000 45000
Es Bacus (200000) -
- -
Divd 120000
Is
- -
Bal #0000
390000435000
#) Tad ;
3 month 206650(9750% 10875)
9) A .
205 -
-
(5000)
() Divd (20000) -
-
(2500
() Unrealised
profit
- -
(000
Cupstream)
#9250
551250 278750
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
H 75% 390938 (19375 209062
M/1 25 1 ·
130312
G
7312569688
-
WN
-
. 2
-
COC :-
Erectments =
1500000
(
rop N Ass .
.
ess 75:.
(900000
Goodwill-3093
pre Heg
WN-3
-
-
142813
Post -
(100 1) puefs.
. - 300000
cap
53125
-
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
-Y
-
Cars . RES
-
-
-Par
Bal With H 6000
750000
.
#) Post Geg
Profit 21937x 209062
Share
(7 Unrealised -
[30000)
profit
(f) Set off -
6000
Desn
⑳75 839062 =
1808457
Cone. st
I
Ess 1200000
ps 500000
Car Ras .
1808437
M/2 873125
10 % Down (18 + 12 -
3 .
) 2640000
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
I
Creditors H 900
0 00
,
1360000
S Joo
[ Offset 000
Blp
400,000
150000
460000
> Crea %
%
841562
-
CGB
I
13500 000
3302500
1700000
(Gain 275
, 000
It add
22500)
Pam 2020000
-
Goodwill H100
000
, 309062
S 209062
-
1000000 1550000
Desters 600000
50000
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100
I
BIR 1s
280000
390000
200000
()90000)
Enventory Is
500000 860000
Yor
1000)
6) Up
↳
0000
/1000
CaCF
- 400000
+ 100
-
CA. JAI CHAWLA (FCA, M.COM, DISA, IFRS) (7887 7887 05) Page | 100