What is the at acquisition pro forma journal entry to consolidate Kholiswa Limited and Elsie Limited on 01 July 2026?

Question

Answer

Dr Share Capital (Elsie) R270 000;
Dr Retained Earnings (Elsie) R352 500; Dr
Goodwill R333 125; Cr Investment in Elsie R800 000; Cr Non-controlling interests
R155 625.

Answer

Dr Share Capital
(Kholiswa) R1 500 000;
Cr Investment in Elsie R800 000; Cr Non-controlling interests R700 000.

Answer

Dr Share Capital (Elsie) R270 000; Dr Retained Earnings
(Elsie) R352 000; Dr Goodwill R23 375; Dr Non-controlling interests R155 625; Cr Investment in Elsie R800 000

Answer

Dr Share Capital
(Elsie) R270 000; Dr Retained Earnings (Elsie) R352 000; Cr Investment in Elsie R622 000

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What is the at acquisition pro forma journal entry to consolidate Kholiswa Limi...

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