Accounting · Consolidated Financial Statements
Bright Future Ltd has a subsidiary, Alpha Solar Ltd. For the financial year 2025, the parent company sold goods worth 5,00,000 rupees to the subsidiary at a profit margin of 20% on cost. At the end of the year, half of these goods are still lying unsold in the warehouse of Alpha Solar Ltd. When preparing the Consolidated Financial Statements, what amount of unrealized profit must be eliminated from the consolidated inventory and consolidated reserves?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 183,333 rupees
- 241,667 rupees✓
- 350,000 rupees
- 41,00,000 rupees
Correct answer
41,667 rupees
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