Accounting of investment in associates
This query is : Open
07 June 2009
How to account for investment in associate in case where the associate was the subsidiary of the holding company and due to allotment of share of subsidiary it becomes associates?
Sumit gupta
(Expert)
07 June 2009
IT WILL BE CONSOLIDATED BY HOLDING COMPANY ONLY. YOU DONT NEED TO MAKE ANY TREATMENT IN BOOKS OF SUBSIDIARY CO.
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