raveena jayant galande (Article) (48 Points)
31 August 2011Is royalty a/c an asset?or it is an expense?
What is a consolidated balance sheet?
Please help me out
Karan Teli
(Life Is just an Illusion...!!)
(4573 Points)
Replied 31 August 2011
Royalty is an income or expense account...
Consolidated F.s is a kind of merger of various finacial statemntes of same entity(in short)
CAclubindia
