Audit of consolidated financial statement

hey thanks... keep sharing.

BRIGHT Ltd. Acquired 30% of East India Ltd. Shares for Rs. 2,00,000 on 01-06-09. By such an acquisition Bright can excise significant influence over East India Ltd. During the financial year ending on 31-03-09 East India earned profits Rs. 80,000 and declared a dividend of Rs. 50,000 on 12-08-2009. East India reported earnings of Rs. 3,00,000 for the financial year 31-03-2010 and declared dividend of rs. 60,000 on 12-06-2010 Calculate the carrying amount of investment in Consolidated financial statement of Bright Ltd. As on 31-03-2010 Can anyone pls solve ?

good post bro.

Suresh,

Answer this

What is significant Influence is it more than 20% voting Power

If H ltd Holds 51% share capital in S .S ltd is a subsidary of H

then what is meant by CO SUBSIDARY

is  that if H Holds significant influence on S then whether S is a co Subsidary of H

Explain Significant Influence and Co Subsidary  please

Nice one suresh keep sharing yaar and another thing you are on the way to become a qualified CA Soon dont go for any website which gives huge money  .qualify soon u will reap a lot  by doing some qualitative work

@ suresh sir : can u pls solve my above mentioned quary asap