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Parth (Querist)
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22 January 2011 Debentures in books of holdin co.
(75000 of100 each ). - 75 lakhs

Subsidiary holds 45000 debentures standing in its books at 42 lakhs

How to consolidate and what will be effect of the same while analysing for capital and revenue?will3 lakh be considered as profit and added to revenue side of p&l a/c while analysing the capital and revenue chart if yes then why ?
Plz explain by journal entries in both the books

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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24 January 2011 Rs. 3 lakhs is to be dajusted against reseve of subsidiary co.

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