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Nicola-mod
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Category: Finance
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Should the accounts of A Limited and B limited include their

Customer Question

Should the accounts of A Limited and B limited include their corresponding investments in c, d, and e limited ? ( Investment was 1000 shares at 1 each for 6% of each company c,d,e)
Submitted: 3 years ago.
Category: Finance
Expert:  Rakhi Vasavada replied 3 years ago.
Dear Friend,

Hello and welcome. Thank you for providing an opportunity to assist you.

YES. The accounts of both, Company A and B should reflect the corresponding investments made. These are current assets for them and must show in the balance sheed.

I am sure this would help.

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Warm Regards,
Expert:  Nicola-mod replied 3 years ago.
Hello,

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Thank you,
Nicola