Consolidation of balance sheet

CA Vibhor Kalamkar (Partner at Bhojwani Kalamkar & Co.)   (186 Points)

28 April 2018  

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 ?