Ejoy enter iinto joint venture with another company.ejoy has contributed asset at fair value of 20$ m(carring value 14 m)each party will hold 5 m shares of 1$.the gain on disposal of the asset 6$m to joint venture has been included in other income.
kindly reply me urgently about how this will be accounted for in FS
ACCA exam results — Are you ready?Chat about it >>