Accounts consolidation
This query is : Resolved
rakesh sharma
(Querist)
27 December 2007
A Subsidary co of ours is registered outside india.The Accounts Are compiled in Foreign currency say USD.
We have have a holding company registered in india preparing accounts in indian currency.
Want consilidate the B/s & profit & loss account of both companies & show the conslidated figures in indian rupees.
How to consolidate.
Rakesh sharma
We have have a holding company registered in india preparing accounts in indian currency.
Want consilidate the B/s & profit & loss account of both companies & show the conslidated figures in indian rupees.
How to consolidate.
Rakesh sharma
rakesh sharma
(Querist)
27 December 2007
123
CA. Vineet Grover
(Expert)
27 December 2007
Hi Rakesh,
Consolidation is very simple. There are three fundamentals:
(1) Ascertainment of share of holding.
(2) Computation of Minority Interest.
(3) Computation of Consolidated P & L A/c
Kindly refer AS-21 for compliances.
Rgds/
Vineet
Consolidation is very simple. There are three fundamentals:
(1) Ascertainment of share of holding.
(2) Computation of Minority Interest.
(3) Computation of Consolidated P & L A/c
Kindly refer AS-21 for compliances.
Rgds/
Vineet
CA. Vineet Grover
(Expert)
27 December 2007
Hi Rakesh,
Consolidation is very simple. There are three fundamentals:
(1) Ascertainment of share of holding.
(2) Computation of Minority Interest.
(3) Computation of Consolidated P & L A/c
Kindly refer AS-21 for compliances.
Rgds/
Vineet
Consolidation is very simple. There are three fundamentals:
(1) Ascertainment of share of holding.
(2) Computation of Minority Interest.
(3) Computation of Consolidated P & L A/c
Kindly refer AS-21 for compliances.
Rgds/
Vineet
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