Two years after Voss Limited acquired a 30 per cent holding in its associate Warren Limited,the following journal entry appeared in the consolidated accounts of Voss Limited at the end of 2017/2018. $$\begin{array} { | l | l | r | r | }
\hline \mathrm { Dr } & \text { Investment in Warren Limited } & 90000 & \
\hline \mathrm { Cr } & \text { Revaluation surplus (Land) } & & 90000 \
\hline
\end{array}$$ Which of the following statements is correct?

Question

Two years after Voss Limited acquired a 30 per cent holding in its associate Warren Limited,the following journal entry appeared in the consolidated accounts of Voss Limited at the end of 2017/2018. $$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Investment in Warren Limited } & 90000 & \
\hline \mathrm { Cr } & \text { Revaluation surplus (Land) } & & 90000 \
\hline
\end{array}$$ Which of the following statements is correct?

Quizplus · Accepted Answer

The Answer of Two years after Voss Limited acquired a 30 per cent holding in its associate Warren Limited,the following journal entry appeared in the consolidated accounts of Voss Limited at the end of 2017/2018. $$\begin{array} { | l | l | r | r | } 
\hline \mathrm { Dr } & \text { Investment in Warren Limited } & 90000 & \
\hline \mathrm { Cr } & \text { Revaluation surplus (Land) } & & 90000 \
\hline
\end{array}$$ Which of the following statements is correct?

Two Years After Voss Limited Acquired a 30 Per Cent