Question

7. On 30th June, 2018, two-third of the shares of S Ltd. (with total capital of 3
48,00,000) was acquired by H Ltd. The balance sheet of S Ltd. showed a debit
balance 24,00,000 on 1st January, 2018 and a credit balance of 14,40,000
on 31st December, 2018. The investment by H Ltd. in shares of S Ltd. is ?
36,00,000. Calculate the cost of control in this acquisition :
(A) 37,20,000
(B) 16,20,000
(C) 3,60,000
(D) 1,80,000
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Answer 1

Answer:

3720000 is the answer of the question