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business consolidation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › business consolidation

Viewing 2 posts - 1 through 2 (of 2 total)
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  • September 10, 2016 at 1:53 pm #339674
    mefinyapascal27
    Member
    • Topics: 4
    • Replies: 6
    • ☆

    We always eliminate the profit on transactions between group companies but what about the loss?

    September 10, 2016 at 2:27 pm #339682
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7207
    • ☆☆☆☆☆

    Hi,

    If we make a loss and it is at arm’s length then we do not eliminate the loss, as it would not be prudent to remove the loss.

    Thanks

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