In consolidation of financial statements, how is share in negative net worth of Joint venture company accounted for . The investment in JV is recorded at INR 49,000 and share in JV's net equity is INR - 4.1 Cr.
2 Replies
Sandeep Garg
(Consolidation and IndAS Application)
(1056 Points)
Replied 10 September 2019
It is to be classified in liability. In Investment schedule / note, negative figure not to be shown.
sabyasachi mukherjee
(27574 Points)
Replied 14 September 2019
The figures seem to be anamolous with apparent deviations.
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