Student
38 Points
Joined May 2009
| Originally posted by : a_naik |
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I compared it with suggested answers. And its quite clear they have cut marks because figures of cost of control and minority interest are not the same as suggested answer because i have solved it by direct method. And i have received soft copies and sorry i cant show u. |
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Well I had done some research on it which I am sharing now
at page 5.35 of financial reporting module it is clearly mentioned that there are two methods, direct or indirect...and it has now where mentioned in module where to use direct/indirect so wat I feel is at we have to use it as per our discretion
In may 2014 financial repoting paper, question of holding not demanding for solving it by indirect method
The writer of suggested answer arbritrally choosed indirect method
I also checked the RTP for nov 2014 the question of holding has solved by using direct method
I mailed BOS, that which method is to be used and when, waiting for their reply
Wat I would suggest you to file writ petition because ICAI is also not cleared about this matter