Holding-subsidiary:consolidated B.Sheet: adjustment query

In the balance sheet given in the question (as on 31.3.2006)
Particulars H Co S Co
Sundry Debtors 12000 30000
Bills Receivable 8000 32000
Bills payable 4000 10000
S.Creditors 8000 15000

Additional Info:
a)Bills Receivable of Golden Ltd include Rs 4000 bills accepted by S Co. Bills discounted by H Co but not yet matured include Rs 3000 accepted by S Co.

b) S. Creditors of H Co include Rs 4000 due to S Co. S.Debtors of S Co include Rs 8000 due from H Co.

c) It is found that H Co has remitted a cheque of Rs 4000 , which has not yet been received by S Co.

PLZ DEDUCE THE BALANCES THAT WILL BE SHOWN AT CONSOLIDATED BALANCE SHEET OF HOLDING CO ALONG WITH WORKING NOTES.

Replies (1)

Dear Pls do not mind but for this better u refer a good book. This will make yr job easier.
 

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