consolidated profit and lossForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › consolidated profit and lossThis topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts November 29, 2015 at 11:32 am #286107 mansoorParticipantTopics: 424Replies: 542☆☆☆☆hopefully this is last of my dumb questions.P transfers plant at 5m when the its cv is 4mmy question is:if i useCOS= (cv with transfer – cv without transFer)is this the same asCOS = profit on sale – adjusted depreciation based on the profit November 29, 2015 at 9:53 pm #286223 MikeLittleKeymasterTopics: 27Replies: 23137☆☆☆☆☆The adjustment is Dr Retained Earnings $1, Cr TNCA $1Nothing to do with cost of sales unless it has been accounted for through cost of sales in which case you will need to adapt the entry that has been recorded to arrive at the above entryAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In