alleryStart learning →A venturer holds 40% of a jointly controlled entity whose inventory is Rs 50 lakh. What inventory is added in consolidation?
ARs 10 lakh
BRs 20 lakh
CRs 30 lakh
DRs 50 lakh
Answer & Solution
Correct answer: B. Rs 20 lakh
Proportionate consolidation adds 40% of Rs 50 lakh, which is Rs 20 lakh, as a separate line within inventory.
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