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H limited hold 7500 shares in S limited , total share of S limited are 10000 of 10 each. General reserve and P&L balance of S Ltd. Are 35000 and 27500 INRrespectively, out of 40% relates to post acquisation period. Minoroty intrest =???

April 28, 2020

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H limited acquire 70% of the equity share of S limited was 10,000 equity share of 10 each, accumulative reserve balance was 1,00,000 INR. H blimited paid 160000 INR to acquire 70% intrest in S limited. Assets of S Ltd. Was revalued on 1.1.2019, and loss on revolution was 20000 INR. Which of the following is correct in relation to cost of control of group consolidated Financial statement ?

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following are balances of MPPL Limited on 31.3.2019:- Equity share capital = 2000000, General reserve= 700000, P&L = 140000, HLtd. Acquired 70% share on 1.1.2019, balances of General reserve= 100000 and P&L =500000 on 1.4.2018. find share of Minority Post acquisation profit

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