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Consolidation

Accountancy

Sir in consolidation of financial statements in case of treatment of unrealized profit the share of H LTD will be reduced from the consolidated profit and loss and the share of minority interest will be reduced from minority interest or else the whole unrealized profit should be reduced from consolidated profit and loss?


VENKATA SAI KRISHNAKANTH

VENKATA SAI KRISHNAKANTH

CA Inter

410

29-Dec-24 13:08

652

Answers (1)

If sold by Holding 100% from holding. If sold by Sub - remove from post acquisition profits. So both Holding and Minority gets adjusted.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

29-Dec-24 13:09

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