Consolidation of Account as per Ind AS
This query is : Resolved
Aanand Jha
(Querist)
09 September 2023
If 'Anand Private Limited' is a 100% subsidiary of 'Mohan Limited' and 'Mohan Limited' is also a 100% Subsidiary of 'Jha Private Limited'. In that case which company is liable for Consolidation of Account. Only 'Jha Private Limited or both 'Mohan Limited and 'Jha Private Limited'.
CA R SEETHARAMAN
(Expert)
09 September 2023
An entity is required to consolidate all its subsidiaries.
Both 'Mohan Limited and 'Jha Private Limited' required consolidation.
Both 'Mohan Limited and 'Jha Private Limited' required consolidation.
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