consolidation as per AS_21
This query is : Resolved
27 December 2007
Thanx Vineet,
AS-21 is not clear on the following:
when Accounts of the subsidary are in $USD & Holding are in rupees. How to convert the accounts of subsidiary from US $ to Rupees so that
the account of both co are consolidated in common currency.
Say Subsidiary is in Dollars& holding is in Rupees.
Regards
AS-21 is not clear on the following:
when Accounts of the subsidary are in $USD & Holding are in rupees. How to convert the accounts of subsidiary from US $ to Rupees so that
the account of both co are consolidated in common currency.
Say Subsidiary is in Dollars& holding is in Rupees.
Regards
27 December 2007
123
27 December 2007
Hi Rakesh,
In that case you need to convert the figures of the subsidiary from $ to rupees as holding compnay is the reporting currency. You have to apply AS-11 for conversion of values. Further there are seperate conversion rates on varies nature of assets/liabilities/income and expenditures. Kindly keep that in note.
Rgds/
Vineet
In that case you need to convert the figures of the subsidiary from $ to rupees as holding compnay is the reporting currency. You have to apply AS-11 for conversion of values. Further there are seperate conversion rates on varies nature of assets/liabilities/income and expenditures. Kindly keep that in note.
Rgds/
Vineet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
