Corporate Accounting: Analysis of Investments and Loans as per AASB 10

Running head: CORPORATE ACCOUNTING
Corporate Accounting
Name of the Student:
Name of the University:
Author’s Note

1
CORPORATE ACCOUNTING
Table of Contents
Answer to Question 1:.....................................................................................................................2
Requirement a:.............................................................................................................................2
Requirement b:.............................................................................................................................3
Answer to Question 2:.....................................................................................................................4
Answer to Question 3:.....................................................................................................................4
Answer to Question 4:.....................................................................................................................7
Introduction..................................................................................................................................7
Part a............................................................................................................................................7
Part b............................................................................................................................................8
Part c............................................................................................................................................8
Part d............................................................................................................................................9
Conclusion...................................................................................................................................9
Reference.......................................................................................................................................10

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CORPORATE ACCOUNTING
Answer to Question 1:
Requirement a:
Date Debit Credit
01-07-2017 Investment in Fry Ltd. A/c. 50000
Cash at Bank A/c. 50000
30-06-2018 Investment in Fry Ltd. A/c. 15000
Equity in Earnings of Fry Ltd. A/c. 15000
Cash A/c. 24000
Investment in Fry Ltd. A/c. 24000
30-06-2019 Investment in Fry Ltd. A/c. 13500
Equity in Earnings of Fry Ltd. A/c. 13500
Cash A/c. 4500
Investment in Fry Ltd. A/c. 4500
30-06-2020 Investment in Fry Ltd. A/c. 12000
Equity in Earnings of Fry Ltd. A/c. 12000
Cash A/c. 3000
Investment in Fry Ltd. A/c. 3000
Particulars
In the books of Small Ltd.
Journal Entries

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CORPORATE ACCOUNTING
Requirement b:
Date Debit Credit
01-07-2017 Investment in Fry Ltd. A/c. 50000
Cash at Bank A/c. 50000
30-06-2018 Share Capital A/c. 9000
Retained Earnings A/c. 36000
Goodwill A/c. 5000
Investment in Fry Ltd. A/c. 50000
Share Capital A/c. 21000
Retained Earnings A/c. 84000
Non-Controlling Interest A/c. 105000
Equity in Earnings of Fry Ltd. A/c. 35000
NCI share of profit A/c. 35000
Dividend Revenue A/c. 24000
Non-Controlling Interest A/c. 56000
Dividend Paid A/c. 80000
30-06-2019 Equity in Earnings of Fry Ltd. A/c. 31500
NCI share of profit A/c. 31500
Dividend Revenue A/c. 4500
Non-Controlling Interest A/c. 10500
Dividend Paid A/c. 15000
30-06-2020 Equity in Earnings of Fry Ltd. A/c. 28000
NCI share of profit A/c. 28000
Dividend Revenue A/c. 3000
Non-Controlling Interest A/c. 7000
Dividend Paid A/c. 10000
In the books of Small Ltd.
Journal Entries
Particulars