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Consolidation

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


Ramya kudupudi

Ramya kudupudi

CA Inter

520

20-Aug-20 16:57

15

Answers (8)

May i know at which specific point of reserve calculation you are facing the issue? Endorsement => Only 45 lakhs of Bills receivable of S ltd were held by Hltd. Hence, only Rs. 45 L will be mutual holding and hence reduced.


Lavanya Chitturi

Lavanya Chitturi

Moderator

20-Aug-20 17:56

Analysis of profits.. Can you send AOP calculation


Ramya kudupudi

Ramya kudupudi

CA Inter

520

20-Aug-20 18:08

It would be easy for us to help you if you would point out to a specific a/c or point.


Lavanya Chitturi

Lavanya Chitturi

Moderator

20-Aug-20 18:57

I cant make Analysis of Profits table.. Doubts regarding bonus nd Reserves calculation.. I want Analysis of Profits calculation..


Ramya kudupudi

Ramya kudupudi

CA Inter

520

20-Aug-20 19:13

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.


Lavanya Chitturi

Lavanya Chitturi

Moderator

20-Aug-20 21:42

Please do calculation for AOP


Gomathi Vallinayaki

Gomathi Vallinayaki

CA Inter

23K+

23-Aug-20 08:40

This is the working of AOP. Please refer to the image given.

Attachments

Image 2020-08-24 at 2.33.03 AM.jpeg


Lavanya Chitturi

Lavanya Chitturi

Moderator

24-Aug-20 02:35

Thank you


Ramya kudupudi

Ramya kudupudi

CA Inter

520

24-Aug-20 02:55