Consolidation of financial statements ind as


Siddharth Desai   06 September 2019

Siddharth Desai

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In consolidation of financial statements, how is share in negative net worth of Joint venture company accounted for . The investment in JV is recorded at INR 49,000 and share in JV's net equity is INR - 4.1 Cr.

Sandeep Garg (Consolidation and IndAS Application)     10 September 2019

Sandeep Garg
Consolidation and IndAS Application 
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It is to be classified in liability. In Investment schedule / note, negative figure not to be shown.

avater

sabyasachi mukherjee   14 September 2019

sabyasachi mukherjee

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The figures seem to be anamolous with apparent deviations.


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