Paul Limited Provided an Advance of $150 000 to Its

question 4

Multiple Choice

Paul Limited provided an advance of $150 000 to its subsidiary Caitlin Limited. On consolidation, the following adjustment is needed in relation to this intragroup advance:

• A) no adjustment is needed.
• B) DR Advances to Caitlin Ltd $150 000 CR Advances from Paul Ltd $150 000
• C) DR Advances from Paul Ltd $150 000 CR Advances to Caitlin Ltd $150 000
• D) DR Advances from Paul Ltd $150 000 CR Cash $150 000

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Definitions:

Friend Request

A digital invitation sent through social media platforms or online games asking someone to add another as a friend or contact.

Facebook Page

A public profile specifically created for businesses, organizations, celebrities, and causes on the Facebook platform to share information and interact with followers.

Confidentiality

The principle of keeping sensitive information secret and ensuring it is accessed only by authorized individuals.