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FAC2602 Assignment 1 second semester due on 22 august 2023

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This document contains the solution to FAC2602 assignment 1 second semester due on 22 august 2023.

Institution
University Of South Africa (Unisa)
Course
Selected Accounting Standards and Simple Group Structures (FAC2602)








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Selected Accounting Standards and Simple Group Structures (FAC2602)
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  • fac2602 assignment 1 second semester 2023

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FAC2602
Assignment 1
Due on 22 August 2023

To prepare the consolidated financial statements for the Proton Ltd Group for the year ended 31
July 2023, we will need to consolidate the financial information of both Proton Ltd and Electron
Ltd.




(a) The consolidated statement of profit or loss and other comprehensive income:

Proton Ltd (R) Electron Ltd (R) Consolidated Total (R)

Revenues 6,000,000 4,100,000 10,100,000

Other Income 450,000 180,000 630,000
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