Why cant minority interest be negative?
Why cant we show it on the asset side?
Menu
AS 21- Consolidation of Balance Sheets
Replies (2)
Para 26 of AS 21 states losses incurred by minority shall be adjusted against minority if losses exceed minority then should be adjusted against majority
Logic is that consolidate Financial statements are prepared by Holding company, if there is loss it means that holding company is not responsible to make it good for minority, then why it will be shown in CFS which includes investor own balance sheet plus its stake in subsidiary but not minority. But if it is 100% subsidiary then it is will be different situation. Hope made clear.
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
