Sir I haven't understood consolidation chapter in icai module Q/A 2 from Practice questions.. It contains Reserves Adjustments and Endorsement concepts.. I cant get the problem... Pls help me
Bonus has been adjusted from General reserve. since dividend has been declared and the profit on goods sold to HLtd. will not be realized those two are reduced from P&L. And we take into account, the share in General reserve and revenue reserve of Sltd to Hltd, along with general reserve balance and P&L a/c of HLtd.