A Ltd. became the holding company of B Ltd. in FY 2016-17. In the consolidated balance sheet of A Ltd. for 2016-17, how will B Ltd.'s Balance sheet will be presented for previous year i.e. as on 31/03/16?
Will the Balance Sheet of B Ltd. for 2015-16 be merged with that of A ltd. for 2015-16 ?
What I mean to ask is whether the in the balance sheet of 2017, the previous year's column will also be merged?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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