alleryStart learning →A Rs 12,000 subsidiary dividend, held at cost, is credited to:
Athe investment account
Bprofit or loss account
Cthe capital reserve
Dother comprehensive income
Answer & Solution
Correct answer: B. profit or loss account
Under Ind AS 27 dividends from a subsidiary go to profit or loss, not as a reduction of the investment.
Keep practising Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures
Browse all Ind AS 27, 28 and 111 Separate Financial Statements, Associates and Joint Ventures questions for CA Final, or explore more Financialreporting topics.
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