June 2025 ACCA Exam Results

Comments & Instant poll >>

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>

professional costs related to acquisition

This topic has 1 reply, 2 voices, and was last updated 12 years ago by MikeLittle.

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

Author
Posts
September 8, 2012 at 1:32 pm #54426
wahab11
Member
- Topics: 30
- Replies: 15
I would like to know that why professional costs of acquisition are debited to group retained earnings only , when there is no controlling interest 20% , in group questions and what is credit entry against this debit
September 8, 2012 at 5:44 pm #105024
MikeLittle
Keymaster
- Topics: 27
- Replies: 23327
Credit entry is Cash!
Who incurred the professional costs of acquisition? Whilst these costs were being incurred, there was NO subsidiary and therefore no non-controlling interest!
Author
Posts

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

You must be logged in to reply to this topic.