a subsidiary company is in process of obtaining it's operation license, can it book it's expense in holding company till starting it's operations?
what is the correct treatment in both books?
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Subsidiary expense booking
Replies (3)
Since ever company have separate identity of their own it cannot be booked in holding company accounts
Company has not obtained its operation license, so how it can booked operating expenses before obtaining it's license
They are pre operating expenses
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