AS-21 Consolidation
This query is : Resolved
Rahul Patwa
(Querist)
08 December 2010
A Ltd has acquired 12000 (60%)Shares in year 1999 in the company B ltd.and B Ltd. has incurred loss of Rs 60,000 and Rs.50,000 in year 2000 and 2001 respectively. Please Advice me, whether holding company will provide any provision for loss (subsidiary) in his separate balance sheet for the year 2000 and 2001 ?
CMA Ramesh Krishnan
(Expert)
08 December 2010
Holding company no need to provide separate provision on account of Subsidiry loss, while consolidated statement it will be set off against the profit of holding company
Message likes :
1 times
Rahul Patwa
(Querist)
10 December 2010
Thanks !!!!! But in the institute Complilation they have provided the provision for the same. I am in confusion that wat to do in the examination.!!!!!
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
