AS-21 Consolidation
This query is : Resolved
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 ?
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
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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.!!!!!
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