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WHAT WILL BE THE TREATMENT OF NCI IN THIS QUESTION

Financial Reporting

Nci of net assets is derecognised And we need to derecognise the 10% of reserves related to nci too?? Video Details ------------- Consolidated Financial Statements under Ind AS Consolidated Financial Statements under Ind AS #28. Illustration 18

vasabattula abhinav

CA Final

★ 85

23-Feb-24 10:56

124

Answers (3)

Reserves of NCI are a part of NCI.

CA Suraj Lakhotia

Admin

23-Feb-24 11:52

CA Suraj Lakhotia Admin

Reserves of NCI are a part of NCI.

when we are derecognising nci in this sum then total(nci opening + reserves of 10%) are getting derecognised?? Is it correct sir?

Thread Starter

vasabattula abhinav

CA Final

★ 85

23-Feb-24 12:13

Thread Starter

vasabattula abhinav

when we are derecognising nci in this sum then total(nci opening + reserves of 10%) are getting derecognised?? Is it correct sir?

Yes.

CA Suraj Lakhotia

Admin

26-Feb-24 19:31

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