Journal entry Control to Control

This topic has 1 reply, 2 voices, and was last updated 5 years ago by Stephen Widberg.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
September 11, 2020 at 5:37 am #584925
chray
Participant
- Topics: 1
- Replies: 0
Hello

May you please explain why we have to Debit OCE difference in Payment and NCI does it not affect Retained Earnings?

Thank you
September 12, 2020 at 9:46 am #585282
Stephen Widberg
Keymaster
- Topics: 17
- Replies: 3457
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.