Minority interest in BS and PL in consolidated accounts

This query is : Resolved

CA Ashish (Querist)
Follow

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

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

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

CA Ashish

CA Ashish (Querist)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SARAVANAN PALANISAMY

GST Karimnagar state

Darshan

Krishnamohan Gangaraju

CA Bijo scaria

Subscribe Now

Minority interest in BS and PL in consolidated accounts

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA