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Interest in consolidatd st of profit or loss

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Interest in consolidatd st of profit or loss

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  • May 13, 2015 at 5:47 am #245614
    Green Activist
    Member
    • Topics: 22
    • Replies: 18
    • ☆

    If there is a loan outstanding between group companies, wht will be the double entry in consolidatd statmnt of profit or loss?

    May 13, 2015 at 8:07 am #245650
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23331
    • ☆☆☆☆☆

    You really haven’t watched the lectures have you! May I ask that you watch the first lecture covering consolidated statement of profit or loss and then, if you don’t see in that lecture what is the appropriate treatment of intragroup interest, then post again

    Thanks

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