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In an example, there was a loan to associate opening and closing balance in the CSFP.
We had to compute the dividend from the associate.
In the t-account, however, the loan amount was not taken:
Investment:
op – 456
cl – 466loan to assoc
op – 300
cl – 380share of profit in CSPL = 48
the workings show
op————————–456
cl————————–(466)
profit from assocs——48
divi from assoc ———(38) (bal fig)
————————————–
——————————0Question: why dont we take into account the loan to associate?
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