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    tedkalil's Avatar
    tedkalil Posts: 2, Reputation: 1
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    #1

    Apr 25, 2009, 11:35 PM
    Journal entries for divestment
    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's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    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.
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