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Intra-group sales

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Intra-group sales

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • February 23, 2016 at 6:05 pm #301729
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    Sir I just wanted to confirm one thing that if a parent makes sales before acquisition, we need to deduct that amount from revenue and cost of sales too right?

    February 23, 2016 at 6:47 pm #301736
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    Absolutely NO, NO, NO!!!!

    These are contracts between two completely unrelated entities

    Why on Earth would you want to eliminate these sales?

    February 23, 2016 at 7:46 pm #301749
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    Oh, alright! Thanks.

    February 24, 2016 at 8:42 am #301792
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23359
    • ☆☆☆☆☆

    You’re welcome

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