PLease guide IAS 24 - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4) +--- Forum: Accounting and Audit (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=7) +--- Thread: PLease guide IAS 24 (/showthread.php?tid=9832) |
PLease guide IAS 24 - human - 05-06-2011 There is a subsidiary selling goods to its parent on consumption basis. which means that goods are issued and Returned. The sale is recorded for net goods consumed. Is this an arms length transaction and wt sort of special disclosure is needed in thid regard - Bholsingh - 05-06-2011 it could or could not be an arm's length transaction. it depends on the terms between the parent and subsidiary but transaction with the parent grants a disclosure Nature of Relationship Parent Company Nature of Transaction .... Amount of Transaction .... Amount Received .... Balance |