Holding Co. Doubt

see sahil

when dividend is declared by the subsidiary you must have done this entry in holding co books

dividend receivable a/c (asset side of holding)            dr

           to p&l a/c

and in books of subsidiary it is standing as

p&l approation a/c                         dr

            to dividend payable a/c (liability side of subsidiary)

to cancell both these in consolidated balance sheet u have to pas this entry on date of consolidation

dividend payable a/c             dr

             to dividend receivable a/c

( being our dividend receivable cancelled with dividend payable of subsidiary )

hope ur query is resolved or else u can contact me at muditrastogi1988 @ gmail.com

Agree with Mr. Mudit..........

AGREE  WITH ABOVE