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Consolidation of a associate


Rajeev Thakur   04 December 2019

Rajeev Thakur

 8 points

| My Other Post

Suppose
If XYZ ltd has invested 30% in ABC Ltd.
Further ABC Ltd has invested 25% in MNO Ltd
Then, As per AS-23, ABC Ltd is required to consolidate MNO Ltd.
My query is does XYZ Ltd is required to consolidate its Book after considering consolidated books prepared by ABC or standalone ABC??




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