A company has 5 subsidiaries.It diluted its 100% share in a wholly owned subsidiary on 23/09/2011. now while consolidating the P&L of the diluted subsidiary will the intercompany transactions between the holding co. and diluted subsidiary will be nullified/cancelled? if yes what effect will be taken on reserve and surplus in balance sheet?
Menu
Consolidated financial statement
Replies (3)
Unrealised profits will be adjusted to the group reserves i.e., eliminated from it...in the balance sheet...
what about purchase-sale transactions with the diluted subsidiary..
will they be elliminated?
I reckon it should be eliminated but im not sure...wait for others to reply..
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
