Associate to simple investment

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August 10, 2021 at 11:52 am #631017
Fannee
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Would like to enquire what is the journal entry for associate(40%) to simple investment journal(8%) entry at company level and group level with example

Thank you.
August 11, 2021 at 8:49 am #631156
Stephen Widberg
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In group accounts: Proceeds plus FV of interest retained minus CA

In parent accounts: Proceeds less CA
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