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A parent owns two-third of the subsidiary’s equity. As of a year-end the subsidiary’s inventory includes goods sent to it by the parent invoiced at ₹ 3,60,000. The parent has purchased these goods for ₹ 3,00,000. Which of the following are the correct entries for eliminating unrealized profit

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A parent owns two-third of the subsidiary’s equity. As of a year-end the subsidiary’s inventory includes goods sent to it by the parent invoiced at ₹ 3,60,000. The parent has purchased these goods for ₹ 3,00,000. Which of the following are the correct entries for eliminating unrealized profit






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