Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 62. li ltd is the parent of du ltd. on 1 january 2

62. Li Ltd is the parent of Du Ltd. On 1 January 20X3 Li Ltd...

90.2K

Verified Solution

Question

Accounting

62. Li Ltd is the parent of Du Ltd. On 1 January 20X3 Li Ltd made a loan to Du Ltd in the form of bills of exchange in the total amount of $80,000 face value.

Which is the correct set of consolidation entries for June 30 20X3 in respect of the bills of exchange?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Preparation of Copper(I) Chloride Reactions: 1) Cu(S) + 4HNO3(aq) -> Cu(NO3)2(aq) + 2NO2(g) + 2H2O(l) 2) 2HNO3(aq) + Na2CO3(s) -> H2O(l)...

Chemistry
Q

A furnace is burning natural gas (90% by mol methane and the balance ethane) at 20...

Chemistry
Q

Describe the effect of oxygen in radiotherapy and discuss the mechanism for this effect

Biology
Q

DNA 1 Develop 3 individual DNA strands that includes all 4 bases and is 50...

Biology
Q

You roll a 6 sided die What is P 2 Write your answer as a...

Geometry
Q

A-50.00 AC sono A-50.00 AC sono

Accounting
Q

From the options given below recognize a process that records the routine economic activities of...

Accounting
Q

Problem 12-28 Project Evaluation (LO 3] Suppose you have been hired as a financial consultant...

Accounting
Q

Question 1 a) Make the necessary journal entries for the following transactions: i....

Accounting
Q

E11-6 (Algo) Comparing Options Using Present Value Concepts [LO 11-S1] After hearing a knock at...

Accounting
Q

Killer Hogs, Inc. produces instructional barbecue videos and markets a complete line of barbecue sauces...

Accounting
Q

When you are selling more than one product, you will need to allocate fixed costs...

Accounting