12 November 2009
Hi, can u please give the question along with your query as we do not have CA final study material? Thanks and Regards, CA Shakuntala Chhangani
Querist :
Anonymous
Querist :
Anonymous
(Querist)
14 November 2009
H ltd acquired 20% shares in s ltd on 1-7-05 for Rs.50 million, then another 20% on 1-10-05 for Rs.60 million and finally another 20% on 1-11-05 for Rs.80 million. S ltd became subsidiary of H ltd on and from 1-1-05. Balance of Reserve of S ltd as on 1-4-05(Rs in million) 60.
Balance sheet of H ltd and S ltd as on 31-3-06 H ltd S ltd Equitas Share capital 500 200 General Reserve 400 120 Profit & loss 10 12 Sources: Fixed Asset 800 350 - Acc Dep 100 30 Net Block 700 320 Investment 190 Net current Asset 20 12
Query:
I got all answers correct expect Pre acquistion profit 2005-0. In CA material it has been stated that pre acq profit is RS.19.20 million. But i am not getting it please help me, please send the computation of this problem
CAclubindia
