Can Minority Interest be negative or equal to zero?



Can Minority Interest be negative or equal to zero?..

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.

Is This Answer Correct ?    12 Yes 25 No

Post New Answer

More Accounting General Interview Questions

Describe the P&L Account?

2 Answers  


Can a firm claim preliminary expenses incurred(manufacturing) or only its is applicable to Companies? can a firm claim ,1/5 of such expenses incurred as deduction as in case of Companies? or any other procedure.

0 Answers   Accounting,


How to treat interstate exempted purchases? And its necessary to issue c form?

1 Answers  


What is the difference in accounting and marketing?

0 Answers  


why should be mention capital in liabilities side

4 Answers  






Expand ctc cheque?

0 Answers  


What is column cash book?

6 Answers  


Capital secure should be shown in which side of the balance sheet?

0 Answers   ICAI,


i have purchase goods for Rs.100 and company say you sell this goods for Rs. 80 and raised a debit note for diffrence amount and he fix 5 % commision on sales value what is journal entry passed in tell with narration?

9 Answers  


what is difference between budgeting and Forecasting

0 Answers   IHG,


wat is ledger posting

2 Answers  


What do u mean by accounting?

6 Answers  


Categories