x ltd holds 43% in y ltd & 25% in z ltd & y ltd holds 21% in y ltd.
whether x do cfs as >= 50% with y ltd
The question needs clarification.
6 Replies
Susanta mandal
(99 Points)
Replied 14 December 2017
whether x ltd will prepare cfs as per AS 21 or AS 23
PLz give legal support
PLz give legal support
Rama Krishna
(Consultant (IB))
(36 Points)
Replied 15 December 2017
please comply with the provisions of Section 129(3) in case of Company x and Z along with accounting standards as may be prescribed.
Rama Krishna
(Consultant (IB))
(36 Points)
Replied 15 December 2017
section is very clear ...read it by yourself. if u r looking for a reply in respect of mathematics of % of consolidation, ur question itself is guiding factor.
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