Accounting Treatement on Disposal of Equity share - IndAS

To record the disposal of shares in a journal entry, you need to

• Debit Cash or Bank account for the amount received from the sale of shares.
• Credit Investment account for the carrying amount of shares sold.
• Credit Other income account for the gain or loss on disposal of shares.
• If the entry has already been passed, it needs to be reversed before passing the entry for disposal in consolidation.
• The gain or loss on disposal is recognized with reference to the last revaluation date

If subsidiary has 100 shares, how many shares does the parent hold? And how mamy shares did it sell?