Consolidated financial statement
This query is : Resolved
02 July 2008
Our company is privat limited company in india we have subsidery company in singapore the book closure for subsidery company is 31st MArch 2007 it any mandatory for subsidery company balance to be included in the holding company balance sheet
CA Anand Sarda
(Expert)
02 July 2008
Presentation of Consolidated Financial Statement is not mandatory... But when u showing a consolidated results(i.e. if u want to consolidate the financial statements then u need to follow AS-21
Amit Bajaj
(Expert)
03 July 2008
No it is not mandatory for private company. If company opts to prepare then AS 21 has to be followed
Taranjit Singh
(Expert)
03 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
Taranjit Singh
(Expert)
03 October 2009
Hello, is this an old query still pending?????? plz send me a PM if yes.....
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