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(Guest)

Grouping of Profit Sharing Arrangment

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.?

 



 2 Replies

Sourav

Sourav (Student)     15 April 2021

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
yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     15 April 2021

Sales Revenue= parent + subsidiary

Profits attributable to shareholders / owners equity= NCI method


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