A Ltd provided a loan of $22,000,000 to its subsidiary B Ltd. Interest of $15,000 was charged during the year ended 30 June 2022. On consolidation, what is the consolidation adjustment entry needed at 30 June 2022 in relation to the interest charged?

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15-07-2024
Business

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A Ltd provided a loan of $22,000,000 to its subsidiary B Ltd. Interest of $15,000 was charged during the year ended 30 June 2022. On consolidation, what is the consolidation adjustment entry needed at 30 June 2022 in relation to the interest charged?

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