Question

Question:29
Maharashtra Ltd. is holding company of
Mumbai Ltd. The minority share is 30%.
Profit & Loss A/c of Mumbai Limited is Rs.
60,000. Amount add in minority interest
Options
АО
Rs.60,000
BO
Rs. 18,000
CO
Rs.21,000
Nil
DO
Question:30
Computer ltd. hold 75% share of laptop
Itdon 1.4.19. amount transfer to general​

Answer 1

Answer:

BO

RS.18,000

Explanation:

Answer 2

Answer:

Amount add in minority interest. Options

А. Rs.60,000

B. Rs. 18,000

C. Rs.21,000

D. Nil

Answer is Option (B) Rs. 18,000.

Explanation:

Maharashtra Ltd's Minority interest will be 30% of Profit and loss A/c of Mumbai Limited, Maharashtra Ltd is the holding company of Mumbai Ltd.

= 30% of 60000 = 18,000

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