X Ltd purchased 70% of the shares of Y Ltd at a price of Rs. 1,00,000. The share capital of Y Ltd was Rs. 70,000, and its accumulated profits amounted to Rs. 90,000. What would be the amount of minority interest in the consolidated balance sheet?

The correct answer is A. Rs. 25,000.

Minority interest is the portion of the equity of a subsidiary that is not owned by the parent company. In this case, X Ltd owns 70% of Y Ltd, so the minority interest is 30%. The minority interest is calculated as follows:

Minority interest = Share capital of subsidiary * (1 – Ownership percentage)

= Rs. 70,000 * (1 – 0.7)

= Rs. 25,000

Option B is incorrect because it is the share capital of Y Ltd. Option C is incorrect because it is the purchase price of Y Ltd. Option D is incorrect because it is the total equity of Y Ltd.