Question

H Ltd. acquired 75% shares in S itd on 31st July 2020. On 1.4.2020, S Itd had in its books General Reserve Rs. 28,000 and Profit & loss account balance of Rs. 2,000. The net profit of the current year after transferring 12,000 to General Reserve amounted to Rs. 1, 08,000. The share of Holding company in the pre-acquisition profit is​

Answer 1

Answer:

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