Can anyone please tell me how to allocate Loss from Analysis of profit to Consolidate PL and Minority Interest and how much we can allocate to minority and how to adjust exess loss.
plz urgently need to get it cleared...
Menu
FR Consolidation Old Course
Replies (1)
Excess loss is adjusted against the majority share. When there is profit in the company, first majority loss is recovered to the extent of share of minority loss borne by the majority. Further profits are distributed in the proportion of shareholding.
Please refer practice manual AS 21 problem.
Please refer practice manual AS 21 problem.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
