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adjustment for intra-group non-current asset sale

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › adjustment for intra-group non-current asset sale

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  • November 17, 2015 at 3:36 am #283181
    accalmz
    Member
    • Topics: 19
    • Replies: 12
    • ☆

    Dear sir,

    I’m not sure why adjusting for intra-group non-current asset sale does not involve debitting of group revenue like the adjustment for intra-group inventory sale would need. Can you please explain why?

    thanks
    Lm

    November 17, 2015 at 5:48 am #283194
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23213
    • ☆☆☆☆☆

    Because sales of assets not in the course of trading are accounted for separately by calculating and disclosing a profit or loss on disposal

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