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S Ltd. is a subsidiary of H Ltd. S Ltd. remitted a cheque for ₹ 5,000 to H Ltd. on 30th March 2018, which was received by H Ltd. on 1st April 2019. The accounting year of both companies closed on 31st March 2019. Which of the following treatment is correct in the consolidated financial statement for a cheque in transit

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S Ltd. is a subsidiary of H Ltd. S Ltd. remitted a cheque for ₹ 5,000 to H Ltd. on 30th March 2018, which was received by H Ltd. on 1st April 2019. The accounting year of both companies closed on 31st March 2019. Which of the following treatment is correct in the consolidated financial statement for a cheque in transit






 
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