Connect with experts and get insightful answers on IDNLearn.com. Join our platform to receive prompt and accurate responses from experienced professionals in various fields.
A Ltd provided a loan of $22,000,000 to its subsidiary B Ltd. Interest of $15,000 was charged during the year ended 30 June 2022. On consolidation, what is the consolidation adjustment entry needed at 30 June 2022 in relation to the interest charged?
Sagot :
Thank you for joining our conversation. Don't hesitate to return anytime to find answers to your questions. Let's continue sharing knowledge and experiences! Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.