Dear Sir,
Can you please Guide.... Share of profit from profit sharing arrangement between two Company for sale of Product is classified under other Income or Sales.?
Menu
Grouping of Profit Sharing Arrangment
Replies (2)
Quick Summary
It should be shown as Income not sales as it is the profit which have earned according to the share of profit as per arrangement
Sales Revenue= parent + subsidiary
Profits attributable to shareholders / owners equity= NCI method
Recent Topics :
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
Related Topics :
CAclubindia
