Consolidation

This query is : Resolved 

15 February 2017 firm's balance sheet can be consolidated with companies????

15 February 2017 You talking about format or two companies merging data?

15 February 2017 no... a firm's and a company's finanacial information that is balance sheet shall be consolidate??

15 February 2017 Yes You can consolidate as per companies act

15 February 2017 tell me the section..in which section it is mention

15 February 2017 Companies Act 2013 (‘the Act’), in terms of Section 129(3), establishes the requirement for consolidated financial statements for Indian companies and provides that where a company has one or more subsidiaries, it shall prepare a consolidated financial statements of the parent company and its subsidiaries, joint ventures and associates.


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