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In CSOPL,
S is seller to P. We calculate profit for the year in CSOPL. To find share of Parent’s Organisation, we subtract NCI profit.
For calculating NCI profit, we take Profit of Subsidiary for the year (from individual statement) x NCI % and then we less Unrealise profit (at NCI%).
Can you please tell me how remaining PURP is charged (unrealise profit which is earned by Parent Controllable Interest in Subsidiary)?This is all explained in my free lectures !!!
The PURP is removed from the profit of whichever of the two companies had sold the goods to the other company.
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