- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Joint venture
Dear sir, if a non monetary asset is being contributed in a joint venture, then why does an entity need to derecognise the other assets it contributed to the venture?
Please help this is from September December 2019 SBR past paper
Please ensure you have watched my debrief of this question. Also check that you are happy with the difference between joint operations and joint ventures (by reviewing our notes).
If transfer is to a JV which is a separate company then we must derecognise the assets transferred.