HOLDING COMPANY ACCOUNTS IN FINAL CA
This query is : Resolved
02 January 2011
In Final CA there is a subject of Accounts.
In accounts there is a topic Holding Compnay.Which Text book or study material has expalined this in simple language.
Please let me know the name of the Author or relevant way to master this topic.
In accounts there is a topic Holding Compnay.Which Text book or study material has expalined this in simple language.
Please let me know the name of the Author or relevant way to master this topic.
02 January 2011
First of all understand the concept about the Holding Company.
Suppose one HUF is there.
Just imagine the Grandfather is running his business at Surat.
He has two sons who are settled at Valsad and Mumbai.
Now one Grandson has been permitted to settle at Dubai.
At the end the year; they will put all the accounts at one place i.e. Surat and will know how much belong to them jointly.
Whatever amounts are outstanding in between them; would be strike off and similarly the capital would be adjusted as if this is one and same.
First of all; refer theory of study materials and solve the examples at your own.
Also solve suggested answer published by the Institute.
Suppose one HUF is there.
Just imagine the Grandfather is running his business at Surat.
He has two sons who are settled at Valsad and Mumbai.
Now one Grandson has been permitted to settle at Dubai.
At the end the year; they will put all the accounts at one place i.e. Surat and will know how much belong to them jointly.
Whatever amounts are outstanding in between them; would be strike off and similarly the capital would be adjusted as if this is one and same.
First of all; refer theory of study materials and solve the examples at your own.
Also solve suggested answer published by the Institute.
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
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Rent claimed on building given on permissive possession basis
- Loss of interest in PF transfer from EPFO to Trust
- U/S 194 T
- 44AD, 44ADA business details
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
