Sir,
While preparing C.B.S. ,How to treat unrealised profit on closing Stock (up stream / down stream) ? Is there any new amendment according to which the total unrealised profit on stock is deducted from P& L of Holding on liabilty side at the same time from Stock ?
u need to check whether its upstream transaction or down stream transaction accordingly CFS effect will be given.
In case of upstream it will get deducted in Minority Interest and from the P&L a/c of holding co. Whereas down stream will not have effect in MI.
| Originally posted by :Pradip Srinivasan | ||
| " | In case of upstream it will get deducted in Minority Interest and from the P&L a/c of holding co. Whereas down stream will not have effect in MI. | " |
Thanks for your reply
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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