Practice Activity 19.4 Preparation of statements of profit or loss for the head office and foreign b

Practice Activity 19.4 Preparation of statements of profit or loss for the head office and foreign branch combined

The facts are the same as practice activity 19.3 here https://excellentvaluebanner.wixsite.com/my-site/post/practice-activity-19-3-conversion-of-a-foreign-branch-s-trial-balance-to-the-head-office-s-functiona

Required: Prepare the statements of profit or loss for the Sydney and Lagos offices using the presentation currency which is Australian Dollar.

See the suggested answer to practice activity 19.4 here.

Suggested answer to practice activity 19.4