alleryStart learning →Which Indian accounting standard governs associates in consolidated statements?
AAS 23
BAS 21
CAS 27
DAS 13
Answer & Solution
Correct answer: A. AS 23
AS 23 prescribes how an investor accounts for associates when it prepares consolidated financial statements.
Keep practising AS 23 Investments in Associates
Browse all AS 23 Investments in Associates questions for CA Inter, or explore more Accounting topics.
Related questions
An enterprise controlled by another enterprise is called a what?Consolidated financial statements present a group as what?An enterprise is NOT an associate if it is what?A 40% held associate revalues assets with a surplus of Rs 2,00,000. Adjustment to carryingA 30% associate sold goods to the investor at Rs 50,000 profit, still unsold. Elimination?A Rs 4,00,000 investment has an equity carrying amount of Rs 4,50,000 when influence ends.Unrecognised loss share is Rs 30,000. The investor's share of the next profit is Rs 50,000Rs 8,00,000 buys 40% of an associate with net assets of Rs 15,00,000. What is the goodwill