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professional costs related to acquisition

This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.

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September 8, 2012 at 1:32 pm #54426
wahab11
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I would like to know that why professional costs of acquisition are debited to group retained earnings only , when there is no controlling interest 20% , in group questions and what is credit entry against this debit
September 8, 2012 at 5:44 pm #105024
MikeLittle
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Credit entry is Cash!
Who incurred the professional costs of acquisition? Whilst these costs were being incurred, there was NO subsidiary and therefore no non-controlling interest!
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