Minority interest in BS and PL in consolidated accounts
This query is : Resolved
03 June 2010
Hi All,
What are the accounting entries for Minority interest in consolidation of accounts in parent company.
What are the amount that should appear in Minority interest P&L and Balance sheet.
Please provide explanation with example.
It is most urgent.
Thanks & Regards
Ashish
What are the accounting entries for Minority interest in consolidation of accounts in parent company.
What are the amount that should appear in Minority interest P&L and Balance sheet.
Please provide explanation with example.
It is most urgent.
Thanks & Regards
Ashish
CMA Ramesh Krishnan
(Expert)
07 June 2010
There is no entry required for Minority interest in the books , Because Preparation of consolidated Financial statements is for only reporting purpose
23 June 2010
Hello Mr. Ramesh,
I know what have u stated but i wanted to know the logic for minority interest calculations.
Anyways now i have resolved by query by myself.
Thanks & Regards
Ashish
I know what have u stated but i wanted to know the logic for minority interest calculations.
Anyways now i have resolved by query by myself.
Thanks & Regards
Ashish
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