Can someone please explain me why CONSOLIDATION OF FINANCAIL STATMENTS is done ??
i.e why is consolidation reqiured ?
& how do we prepare accounts for the same ..
Thanks in advance ...
CA abhinandan agarwal (CA CS Bcom(H)) 11 September 2012
A company haviny many branch or subsidiary..so to find out the actual profit of the company we consolidated the accounts..
Bhaskar Unnikrishnan CPA CMA (Accounts / Administration) 12 September 2012