Hello Friends....
Before i ask my question my assumption is that most of you have suggested , compilations or can anyway get access to them even if you don't have them. My question is regarding a demerger question asked in May 1997 Final Examination....i couldn't understand how Sunrise Ltd became a fully owned subsidiary of Diverse Ltd & shares allotted by Sunrise Ltd to Diverse Ltd were shown as "Investment in Shares" of a fully owned subsidiary on the "Assets" Side of DIVERSE LTD....Please help me to understand this concept....thanks in advance.
( Note : It's not possible to write the whole question here so i've asked only the difficulty portion in the presumption that people here can get hold of the whole question from suggested or compilation )
CAclubindia
