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FRInvestment in Associate

Rro1sin13y ago
Hi Guys,
If you're doing a consolidated IS and SOFP with an associate. Does the investment in associate line fo into both or just one?

I know when its just a sofp it goes into NCA's or when its an IS on its own it goes into the line before PBT.

But when you're doing both does it still go into both?

Thanks,
Roisin
PPlen13y ago#1
do u mean, if the question states to prepare a consolidated sofp and a consolidated income statement, then do we show associate in both sofp and income statement? of cus u do why wudnt u. whatever goes to the sofp is shown, whatever is goes to the income statement is shown as well.
Ssarmadkhalid4513y ago#2
Sangria said good.
Ok If we are talking about associate , we remember, the share of profits are debit in balance sheet and credit in cons.reserves(retained earning)
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