Consolidated profit and loss account
This query is : Resolved
24 June 2016
we need to consolidate the financials of a company.it is having a subsidiary acquired at the middle of the previous yr.is there any concept of pre & post expenses ?? how to consolidate profit and loss account ?consolidation of balancesheet was learnt in the final syllabus.
27 June 2016
Post expenses has to be consolidated as in the previous period, it was not subsidiary
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