Accounts consolidation
This query is : Resolved
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
27 December 2007
123
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
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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