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Ask the Tutor ACCA SBR

Journal entry Control to Control

GGrace6y ago
Hello May you please explain why we have to Debit OCE difference in Payment and NCI does it not affect Retained Earnings? Thank you
stephenwidbergstephenwidbergTutor6y ago#1
I don't think the rule is clear cut - however, any such transaction is supposedly seen as a 'transaction between shareholders', so I don't think it should be recognised as earnings. In any case the number is meaningless - comparing cash with the CA of NCI.
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