I have to consolidate the B/S of 2 companies.
The holding is having Bills receivable of Rs. 50,000 which is owed by the Subsidiary having Bills payable of Rs. 50,000.
However, the holding co. has discounted bills of Rs. 20,000 with the bank and has sent bills worth Rs. 10,000 to the bank for collection and bills worth Rs. 5,000 have been endorsed to a supplier.
How should i adjust the Bills payable of the subsidiary and Bills receivable of the holding co. for the purpose of consolidated balance sheet?
Menu
AS 21:- Consolidation of Balance sheets
Replies (1)
BR BP
50 50
Less:
endo. 5 -
disc. 20 -
__ __
Balance 25 50
therefore 25 will be appeared as B.P in B/s of consolidated company.
50 50
Less:
endo. 5 -
disc. 20 -
__ __
Balance 25 50
therefore 25 will be appeared as B.P in B/s of consolidated company.
Recent Topics :
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
Related Topics :
CAclubindia
