Both A Company and B Company was holded by X Company and Y Company , but now A Company use $1 buy B Company 999 shares (Total B Company has 1000 Shares) from X Company .
1) I would like to know how to book the entries in theses 3 Company (A , B, , X)
Original B Company B/S
Share Capital $1000 (X Co: 999shares Total $999 , Y Co: 1 shares total $1
Share premium $500
and B Company recorded Net Liabilities
Please disclose the double entries
Thanks a lot
Investment in Subsidary
2011-12-14 1:02 am
回答 (2)
2012-01-12 12:36 am
✔ 最佳答案
Company A:Dr. Investment in B $1 Cr. Bank $1
Company B: No change
Company X:
Dr. Bank $1 Dr. Loss on Disposal of Investment $998
Cr. Investment in B $999
2011-12-14 9:54 pm
I believe the question should read as: Both A and B was held by Company X? If that is so, the enteries should be:
Company A:
Dr. Investment in B $1 Cr. Bank $1
Company B: No change
Company X:
Dr. Bank $1 Dr. Loss on Disposal of Investment $998
Cr. Investment in B $999
For reference only!
Company A:
Dr. Investment in B $1 Cr. Bank $1
Company B: No change
Company X:
Dr. Bank $1 Dr. Loss on Disposal of Investment $998
Cr. Investment in B $999
For reference only!
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