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Apha ltd owns 75 of the shares of beta ltd the profit

Question: Alpha Ltd. owns 75% of the shares of Beta Ltd. The Profit & Loss Accounts of the two companies for the year ended 31st October, 1961, were as follows:

The balance on Profit & Loss Account of Beta Ltd. when Alpha Ltd. acquired its shares was £960. Prepare a Group Profit & Loss Account.

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Accounting Basics: Apha ltd owns 75 of the shares of beta ltd the profit

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Accounting Basics: Apha ltd owns 75 of the shares of beta ltd the profit

Reference No:- TGS02332368

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