The following figures related to S Co and its subsidiary C Co for the year ended 31 March 2015
| S Co | C Co | |
| $ | $ | |
| Revenue | 15,700 | 37,500 |
| Cost of sales | 12,560 | 22,500 |
| Gross Profit | 3,140 | 15,000 |
During the year S Co sold goods to C Co for $13,500 making a profit of $3,375. These goods were all sold by C Co before the year end.
What are the amounts for total revenue and gross profit in the consolidated statement of profit or loss of S Co for the year ended 31 March 2015?
Suggested solutions:
| S Co | C Co | Conso | |
| $ | $ | $ | |
| Revenue | 15,700 | 37,500 | 39,700 |
| Cost of sales | 12,560 | 22,500 | 21,560 |
| Gross Profit | 3,140 | 15,000 | 18,140 |
To do the same topic again in ACCA F3 consolidated revenue 2
To do another topic in ACCA F3
ACCA F3 CONSOLIDATED REVENUE 2