Accounting Standards
This query is : Resolved
CA Ysil Karunai
(Querist)
08 December 2008
What is the Difference between Amalgamated balancesheet and Consolidated Financial Statement? and AS- 14 & AS- 21 ?
CA Tilak Raj Sharma
(Expert)
08 December 2008
Consolidaed financial statements are prepared in case of group of companies. On the other hand amalgmated b/sheet will be prepared after amalgamation.
No similarity between both cases.
No similarity between both cases.
CA.ViVeK M ACA
(Expert)
08 December 2008
Consolidation is a mechanism by which a company shows the reslut of holing and subsidiary as a whole.
Amalgamated balance sheet shows the reslt of amalgamated companies.
Amalgamated balance sheet shows the reslt of amalgamated companies.
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