EXAMPLE:
A ( HOLDING)(80%) of B ( subsy)
if B Sells Goods To A At a profit of 10000...
thaN 100% OF UNREALISED PROFIT will be eliminated...
but 10000 would be in proportion of 80 and 20 % for sure....
Doubt in consolidated financial statements
Page no : 2
Eswar Korada
(2 Points)
Replied 06 February 2019
Yeah why we should reduce 100 percentage from majority in consolidated reserves in downstream. But in upstream it share to minority too
Sangam Naik
(2 Points)
Replied 25 February 2019
Hi ,
There seems to be an differnce in opinion in both the practice manual and study material .
The treatment suggested by you is correct if we consider the study material .
Please check the attachments for details !!!
Thank you
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