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treatment of profit or loss on disposal of subsidiary in P/L a/c

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › treatment of profit or loss on disposal of subsidiary in P/L a/c

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  • August 16, 2017 at 9:49 am #402020
    avisheksanyal89
    Member
    • Topics: 10
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    How to treat the group profit or loss on disposal of a subsidiary in the statement of consolidated group P/L account?

    August 16, 2017 at 2:04 pm #402067
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7205
    • ☆☆☆☆☆

    Hi,

    It will be a material item and so is disclosed separately on the face of the statement of profit or loss, as per IAS 1

    Thanks

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