I had noted the following
P sells to A ==> Group Retained Earnings/Cost of Sales @ Investment in Ass
A sells to P ==> Group Retained Earnings/Share profit in Associate @ GROUP INVENTORY
BPP shows instead that the accounting should be ALWAYS:
Group Retained Earnings/Share profit in Associate @ investment in Ass
I am confused.
thanks
ACCA Forums
FRASSOCIATE - PURP
The following thread should answer your question-
https://opentuition.com/topic/consolidation-of-associate-unrealized-profit-in-the-stock/
Hope this helps you. It's well explained and comprehensive and I see no need to reinvent the wheel.
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