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Can anyone help me solve this and send me the answer?? The next part of the question is- d) The Profit and Loss Account of Shuk Ltd. showed a Credit balance of 27 lakhs on 1.04.09. A dividend of 10% was paid in January 2010 for the year 2008-09. This dividend was credited to Profit and Loss. A/ c of Kush Ltd. (e) The following point was not considered in making out the accounts in the year expenses at 4,500 per month were incurred by Kush Ltd. on behalf of Shuk Ltd. It was by mistake debited to Profit and Loss Account of Kush Ltd. and nothing has been done in the accounts of Shuk Ltd. (f) The stock of Shuk Ltd. included 4.5 lakhs of goods received from Kush Ltd. invoiced at cost plus 25 per cent. (g) Debtor of Shuk Ltd. include 3.5 lakhs due from Kush Ltd. Whereas Creditors of Kush Ltd. include 3.1 lakhs due to Shuk Ltd., the difference being represented by a cheque in transit. You are required to consolidate the accounts of the two companies and prepare a Consolidated Balance Sheet of Kush Ltd. and its subsidiary as at 31st March, 2010.
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