ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

In an accounting period, a parent company has sales of £867,000 and its 80% subsidiary has sales of £121,000. The group sales figure for the period is £963,800. True or false?

In an accounting period, a parent company has sales of £867,000 and its80% subsidiary has sales of £121,000. The group sales figure for the period is £963,800. True or False?

user-image
تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2013/09/02
Nitin Gupta, ACA
من قبل Nitin Gupta, ACA , FP&A , Rockwell Automation

False as in consolidation the entities revenue is not discounted by the interest of Parent company. 

steve khawaja
من قبل steve khawaja , Director of Finance, MENA region , DAI Global

Good question.

My answer is that as teh parent company although controls80% of the subsidiary,100% of the accounts should be reported upon consolidation. Therefore100% of sales should be reported for group sales . i.e988,000 (867000+121000). The effect of equity however shows the part for minority interest representing the20% ownership in the financial statement.

Hope this helps

Mohamed Elgharib
من قبل Mohamed Elgharib , محاسب أول - مدير فرع , المستورد الأمثل التجارية

X

ALLAH DITTA
من قبل ALLAH DITTA , Accountant , Master Beverages & Food Limited

FALSE

Fraz Mehmood
من قبل Fraz Mehmood , Financial Analysis , Alfahim

False, good explanation given by steve

Hassan Abbas awan
من قبل Hassan Abbas awan , Senior Accountant , Green Valley premium hyper maket

False

Group Sale + Subsidry sale(Consifer Accusition date) - Intergroup sale

AWADHESH SINGH
من قبل AWADHESH SINGH , Chief Financial Officer , N. Chirag Travels Pvt. Ltd

False, As parent company sales is of 

£ 867000 and Subsidiary sales is £ 121000, hence the group sales is £ 988000 not £ 963800

 

مستخدم محذوف‎
من قبل مستخدم محذوف‎

the averagr will be49400

umer zubair
من قبل umer zubair , international sales executive , digital globe service

the sales will be988000 so its false

المزيد من الأسئلة المماثلة