20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>

business consolidation

This topic has 1 reply, 2 voices, and was last updated 8 years ago by P2-D2.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
September 10, 2016 at 1:53 pm #339674
mefinyapascal27
Member
- Topics: 4
- Replies: 6
We always eliminate the profit on transactions between group companies but what about the loss?
September 10, 2016 at 2:27 pm #339682
P2-D2
Keymaster
- Topics: 4
- Replies: 7060
Hi,
If we make a loss and it is at arm’s length then we do not eliminate the loss, as it would not be prudent to remove the loss.
Thanks
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.