banner_ad

Consolidation of Accounts

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 January 2011 My company has a partnership firm which is under my company's control. How should it be treated at the time of consolidation of accounts. A subsidiary under AS 21 or a Joint Venture under AS 27.

Also how depreciation shall be consolidated in this case. As deprn of my company is as per companies act and that of partnership firm is as per IT Act
Please elaborate....
Profile Image

CA Shailesh Kumar Bhagat

Profile Image

CA Shailesh Kumar Bhagat (Expert)
08 January 2011 The investment in partnership is not covered under AS 21 and AS 27.
Profile Image

Kamlesh Shyamlal Khanwani

Profile Image

Kamlesh Shyamlal Khanwani (Querist)
11 January 2011 Okk...but in case of joint venture...how should I merge the depreciation...coz in jv its as per income tax act and in company its as per companies act
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details