Hello friends,

My doubt is

"How should the consolidation of a Holding company and a subsidary' subsidary be done? Should it be first be consolidated with the subsidary or can both subsidary co. and its subsidary together be consolidated with the holding comp ?"

Eg: x - holding comp
y - subsidary of x
z - subsidary of y.

Should the accounts of y and z be consolidated first and then consolidated with x, or can all the three x, y and z be consolidated together ? What is the treatment as per AS 21 ?

CAN ANY ONE PLS GIVE ME THEORY NOTES OF PCC OR A LINK TO A COMPILED NOTES OF THEORY OF PREVIOUS ATTEMPTS. I HAVE BEEN LOSING A LOT OF MARKS BECAUSE OF THEORY

PLS HELP ME

Hi,

My question is how do you treat work in progress for a construction company in Tally.Please let me know what is the accounting entry and also under which accounting head the appropriate ledger a/c should be created.

Dear experts,
Suppose if an individual having a sole proprietorship business is also a working partner in a firm then is it compulsory that every drawing made in the firm has to be shown under individual business as investment
please advise me it is very urgent
Thanks in advance

Hi Friends/experts,
1)In valuation of goodwill,why proposed dividend is not considered as liability?
2)In calcaulation of cpital employed why we will not considered long term borrowed funds?
Pls explian the above queries with logic

IN THE TEXTILE MILLS, THERE ARE NORMALLY HEAVY EXPENDITURE ON THE MACHINERY MAINTENANCE.
MY QUERY IS THAT IS IT DIRECT EXPENSE TRANSFERRABLE TO THE MANUFACTURING AC. OR NOT?

What is Cash Flow Projection? I think It means Monthly or yearly Cash Flow Forecasting. It is not actually hapend. In january we prepare for February Cash Flow forcating.( Forcasting) It is right or wrong?
Any one reply
Thanks

What exchange rate to be considered for booking the import purchases ? Whether rate on date of Bill of Entry or Date of Invoice or Date of Bill of Lading ?

SIR/MADAM

I WANT 2 KNOW THAT IN AS-13 (INVESTMENTS)UNDER THE HEADING RECLASSIFICATION OF INV. IT WAS WRITTEN THAT

a.WHEN LONG TERM INV. R RECLASSIFIED TO CURRENT INV.THEY R VALUED AT LOWER OF COST & THEIR CARRYING AMOUNT.&

b.WHEN CURRENT INV.R RECLASSIFIED TO LONG TERM THEY R VALUED AT LOWER OF COST & FAIR VALUE.

PLEASE EXPLAIN THIS.
I KNOW THAT INVESTMENTS R CLASSIFIED INTO 2 i.e CURRENT & LONG TERM.

PLEASE HELP.

can anyone clear me section 295?