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Consolidated Financial Statement

Financial Reporting

Video No 22 Illustration 12. When parent is losing control in CFS Investment account is debited for Rs 360000. Normally in CFS we do not show investment account. When control is lost we have to open new account Investment account and it is debited at fair value in this problem. Investment account newly opened as control is lost. Am I correct? Video Details ------------- Consolidated Financial Statements under Ind AS Consolidated Financial Statements under Ind AS #23. Illustration 13

swaminathan sundaram

CA Final

★ 110

15-May-24 13:10

Answers (3)

Yes.

CA Suraj Lakhotia

Admin

15-May-24 13:10

CA Suraj Lakhotia Admin

Yes.

Illustration 14 We have not opened investment account. Request your help please in understanding this

Thread Starter

swaminathan sundaram

CA Final

★ 110

15-May-24 14:05

The question is on calculation of gain or loss

CA Suraj Lakhotia

Admin

20-May-24 14:57

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