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Consolidated Balance Sheet

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MR. CA (Querist)
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24 November 2008 Hi,
When I Completed my BCom ,Than In Holding Companies Chapter I prepared Consolidated Balance Sheet. But Now I M Confused That What Is Difference Between
(1)Consolidated Balance Sheet & Balance
Sheet.
(2)Consolidated Profit & Loss Account
Profit & Loss Account.
(3)Consolidated Cashflow Statement & Cash
Flow Sattement.

Actually I Want to Know Meaning of Consolidated. In Friendly & General Language not in Bookish Language.

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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24 November 2008 Consolidated means taking all the group companies together ....means one statement from clubbing all the similar statements of sister companies....................one after adding many

Rahul

Rahul (Expert)
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24 November 2008 TAKE IT IN LITERAL SENSE CONSOLODATION MEANS AGREGGATING THE ITEMS OF BALANCE SHEET OF TWO COMPANIES IN TO ONE BALANCESHEET, SUBJECT TO CERTAIN ADJUSTMENTS.

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