accounting standards as-21
This query is : Resolved
kyathi dalavayi
(Querist)
27 November 2009
there exits holding subsidiary relationship at openning of the financial year. During the year holding company sold some shares and became an associate. The question whether Consolidated balance sheet is prepared as a subsidiary or as an associate?
CA. Amit Daga
(Expert)
28 November 2009
Dear Kyathi
At the time of preparing Consolidated balance sheet or any balance sheet. We always need to remember balance sheet is always prepared as on date.
In your case if at balance sheet company is not holding and subsidary relationship you are not required to prepare a consolidated balance sheet
At the time of preparing Consolidated balance sheet or any balance sheet. We always need to remember balance sheet is always prepared as on date.
In your case if at balance sheet company is not holding and subsidary relationship you are not required to prepare a consolidated balance sheet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
