Calculate the group profit and loss, Cost Accounting

Using the chosen company from Bursa Malaysia, prepare a consolidated accounts assuming that the chosen company acquire Sure Cargo Behard at 80% of its ordinary shares.

Given below is the balance sheet of Sure Cargo Berhad for the year ended December 2010.



Non Current Assets












Ordinary Shares of RM 1 each


Retained Profit


Trade Payables


Ordinary Dividend Payable




Additional Information:

a. Sure Cargo Behard was acquired on 1 January 2008 when the retain profit were RM40,000.

b. Goodwill on consolidation is impaired by 40%.


i. Show the calculation of goodwill

ii. Calculate the group profit and loss.

iii. Prepare the consolidated Balance Sheet as at 31 December 2010


Posted Date: 2/21/2013 3:14:49 AM | Location : United States

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