Dear friends,
Need info please. My company is a limited company. My company has acquired 98% shares of a partnership firm. Now as per IAS/IFRS, is it mandatory include/consolidate accounts of the partnership firm in my company books. I am confused as the nature of both businesses is not same. One is partnership and another is limited company.
Will be glad if anyone clarify. Thanks in advance.
truly need a help!!
Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
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CCI
Pro
CAclubindia
