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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Accounting entries for impairment loss
Hello.
I would like to confirm the following. Please let me know if I am wrong somewhere.
1) If we are told to use NCI at full acquisition method,the accounting entries for impairment loss would be:
DR group retained earnings (p’s share) X
DR NCI (nci’s share) X
CR goodwill X
2) If we are told to use NCI at proportionate method:
DR group retained earnings (full amount) X
CR goodwill X
Thanks.
Correct, well done. This is important stuff for the exam if ever there is an impairment.
Thanks
