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tedkalil
Apr 25, 2009, 11:35 PM
Hello,

Please help me with the journal entries where a consolidated group has sold shares in a controlled entity so that the group no longer has a controlling interest in the formerly controlled entity.
ROLCAM
Apr 26, 2009, 01:25 AM
DEBIT Cash at Bank Account.
CREDIT Shares in Subsidiary Company B.

being sold shares in a controlled entity B so that the group no longer has a controlling interest in the formerly controlled entity.