please can anyone tell me difference between standalone and consolidated balance sheet. its urgent reply fast
Read more at: /experts/ask_query.asp
Menu
Difference between standalone and consolidated balance shee
Replies (4)
A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. Stand-alone financial statements, by contrast, treat each entity as if it were entirely separate.
| Originally posted by : Himal | ||
 |
A consolidated financial statement covers the activities of the parent company and its subsidiaries in a single report, as if they were all a single company operating under one roof. Stand-alone financial statements, by contrast, treat each entity as if it were entirely separate. |  |
Well Said.
Well said by Himal. I want to add further that CFS includes also the joint venture and associate companies.
thanks to all
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
