02 October 2011
hi all.. Kindly help me out. Suppose A is a holding company and B is its subsidiary. A is having 75% stake in B. Now A transfers 10% shares to third party i.e. C free of cost. What will be the accounting treatment in stand alone books of A and also traetment at time of consolidation of A & B as per IAS 27 and other relevant IAS.
03 October 2011
In the standalone bookes of A, the sale of the shre is to reorded and all the cost of the 10 % shares to be booked as Loss from sale of investment
CAclubindia
