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Unrealised profit on stock

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CA
156 Points Posted on 01 November 2014

Subsidiary company sold goods to Holding company before the date of acquisition of majority shares. Whether the Holding company share of Unrealised Profit included in the Unsold goods should be deducted from Pre-acquisition profits (or) should it be deducted from consolidated profit and loss account of Holding Company?

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On 01 November 2014 at 21:39 Report
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Chartered Accountnat CS
1585 Points Posted on 02 November 2014

As per Praveen sharma sir - it should be adjusted in AOP after time adjustment

 

But as per module only holdings share in that profit to be reduced from CPL and Minority interest

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On 02 November 2014 at 00:47


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