A 100% subsidiary was incorporated, say S Ltd, whose Holding company is H ltd.
S ltd was incorporated with 100,000 Equity, but H Ltd has only transferred Rs 35000 as on 31.03.2013.
what should be the accounting treatment in H Ltd books ?
a) Should we show 100,000 investment and show 65,000 payable ? or...
b)Should we show only 35,000 as investment ?
Thanks in advance. Appreciate your reply
CAclubindia
