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.?
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.?
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 15 April 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 15 April 2021
Sales Revenue= parent + subsidiary
Profits attributable to shareholders / owners equity= NCI method
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