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What is the pro forma consolidation journal entry to eliminate the intragroup ...

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What is the pro forma

consolidation journal entry to eliminate the intragroup loan balance at 31 December 2026?

Dr Cash R45 000; Cr Loan Payable R45 000

0%

No entry is required as the loan balance are eliminated.

0%

Dr Loan from Kholiswa Ltd R45 000; Cr Loan to Elsie Ltd R45 000

0%

Dr Loan to Kholiswa Ltd (Elsie) R45 000; Cr Loan from Elsie Ltd (Kholiswa) R45 000

100%

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