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Unrealised profit between parent and associate

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Unrealised profit between parent and associate

  • This topic has 1 reply, 2 voices, and was last updated 14 years ago by MikeLittle.
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  • November 27, 2010 at 12:20 pm #46292
    zh0510
    Member
    • Topics: 2
    • Replies: 3
    • ☆

    How is unrealised profit between parent and associate treated?
    1)when parent is the seller
    2)when associate is the seller

    thank you.

    November 28, 2010 at 6:46 am #71803
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23307
    • ☆☆☆☆☆

    In BOTH situations, adjust for the pup in the records of the Associate – trust me, that’s the easiest way of dealing with it!

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