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Under Ind AS 111, a JOINT VENTURER accounts for its interest in a joint venture in the consolidated financial statements using:
ALine-by-line consolidation per Ind AS 110
BCost less impairment
CEquity method per Ind AS 28
DProportionate consolidation
Answer & Solution
Correct answer: C. Equity method per Ind AS 28
Ind AS 111 requires equity method for joint ventures (consolidated FS). This is a key Ind AS 111 vs AS 27 difference — AS 27 used proportionate consolidation for jointly controlled entities.
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