Answer / rahul sharma

Yes Minority Interest can be negative or zero. Say if the holding company of a parent company is going into loss, so when the consolidated Profit and Loss account will be made, Minority Interest will taken as negative. For the same reason it can be zero also.

As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?

1 Answers   NTPC,

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What is the Difference Between (A/c Payable / Receivable ) AND ( Bills payable / Receivable )................?

3 Answers   GTS,

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9. Fixed Cost assumed to be $ 2,700. Variable Cost is $ 70 per unit. Selling Price is $ 100 per unit. What would be the Breakeven Point in Units?

1 Answers  

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What are all the MIS reports you prepare in your company for the management

2 Answers  

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I want to know service tax applicable on Packers & Movers yes or no

3 Answers   ITC Infotech, TCS,

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What is the difference between a cash flow statement and an accural profit & loss account ? And why do simple organisations do not feel the need for a profit and loss type of statement ?

0 Answers  

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Plz Ask from me New Accounting Questions.

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What is the difference between financial accounting and management accounting?

2 Answers  

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what is payroll

2 Answers  

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WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.

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What are trade bills?

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sir, i want t know, i got a cheque frm sindhu (that amount i gave her as rent advance, she is returning nw) bt the cheque has cancled and bank take cheque return charges so plz give this journal entries.

0 Answers  

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