On 1st April A ltd acquires 60% shares (3000 sh) in B ltd. fo | Daily Targets Gr-1 for Dec Exams - By Pratik Jagati

On 1st April A ltd acquires 60% shares (3000 sh) in B ltd. for ₹ 60000.
fair value of Assets acquired 65000.
Fair value of liabilities assumed 25000.
DTA - 5000.
Nci is measured at Fair value.

On 30th Sept. A ltd disposed 45% shares @ ₹ 35 /sh which is the fair value as on that date.

Profit earned by B LTD for the first 6 months - ₹ 15000.

Pass necessary journal??

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