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Rs. 60,00
6. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.
Balance Sheet of Mumbai Ltd., as on 31-12-1997
Rs.
Assets
Rs.
Liabilities
Share capital:
7,00,000 shares of Rs. 2 each
General reserve as
on 1-1-97
Creditors
P & L A/c as on 31-12-97
Sundry assets 10,00,000
14,00,000 Plant and Machinery 7,00,000
Other assets
1,50,000
6,00,000 Investment (80% of
3,00,000 Shares)
6,50,000
2,00,000
25,00,000
25,00,000
Madras Ltd., acquired 80% of the shares at Rs. 6,50,000.
Answers
Explanation:
pro
proRs. 60,00
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.Assets
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.Liabilities
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 each
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve as
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve ason 1-1-97
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve ason 1-1-97Creditors
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve ason 1-1-97CreditorsP & L A/c as on 31-12-97
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve ason 1-1-97CreditorsP & L A/c as on 31-12-97Sundry assets 10,00,000
proRs. 60,006. Calculate minority Interest from the Balance Sheet of Mumbai Ltd.Balance Sheet of Mumbai Ltd., as on 31-12-1997Rs.AssetsRs.LiabilitiesShare capital:7,00,000 shares of Rs. 2 eachGeneral reserve ason 1-1-97CreditorsP & L A/c as on 31-12-97Sundry assets 10,00,00014,00,000 Plant and Machinery 7,00,000
Ot
Answer:
minority interest 4,40,000