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bargain purchase

This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.

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September 3, 2019 at 10:49 pm #544619
mehazia
Participant
- Topics: 54
- Replies: 6
how will a burgain purchase be accounted for?
subtracted as a whole under retained earnings?
September 8, 2019 at 9:28 pm #545586
P2-D2
Keymaster
- Topics: 4
- Replies: 7142
A bargain purchase is credited through profit or loss, and therefore will be added to the group retained earnings.
Thanks
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