Ca final accounts

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shweta (Querist)
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14 April 2012 In consolidated balance sheet,unrealised profit on equipment and on upstream stock is to be adjusted from subsidiary company p&l account or holding company's p&l account?

CA Kishore Tallam

CA Kishore Tallam (Expert)
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14 April 2012 In consolidated balance sheet, there will not be any concept of subsidiary P&L or parent P&L. there will be only one P&L for the group.

shweta

shweta (Querist)
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14 April 2012 actually what i mean is in the working notes of either p&l of subsidiary or consolidated p&l of holding,how we should categorize it?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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15 April 2012 You have to prepare one and single P & L A/c and B/S. The experts have given you the correct answer I agree with it

CA Kishore Tallam

CA Kishore Tallam (Expert)
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17 April 2012 In the working notes, eliminate it from the P&L of Subsidiary.

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