Whether as 21 apply to other than company
This query is : Open
27 June 2017
Sir,
If llp/partnership firm holding more than 50 % shares of ABC Ltd then whether llp/partneahip firm is required to prepare consolidated Balance sheet as per AS -21 or have to give treatment as per AS - 13 ?
Assuming that llp/partnership firm falls under level 1 category.
CA Abhishek Goyal
(Expert)
05 July 2017
Hello,
As per my opinion, AS-21 will not be apply here. If situation would be reverse in this case, AS-21 would apply in such case.
Still awaited from other experts.
As per my opinion, AS-21 will not be apply here. If situation would be reverse in this case, AS-21 would apply in such case.
Still awaited from other experts.
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