suppose if a company acquired 20% holding in April 2018 & subsequent acquired 35% holding in September 2018 but an loss of ₹40000 has incurred in july due to fire, then whether such loss will be adjusted from pre profit or from post profit....??
please suggest
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loss of stick adjustment in consolidation
Replies (1)
Holding subsidiary relationship has been established from September 2018.,so accordingly adjustment will be done on the basis of date on which the loss has incurred. It should be adjusted as pre acquisition loss
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