Is it compulsory to consolidate the accounts of a unit maintained & run by a charitable trust with the trust accounts ?
or we can just prepare and attach the Annual Accounts of the unit with the Trust's Annual Accounts ?
Please reply
Is it compulsory to consolidate the accounts of a unit maintained & run by a charitable trust with the trust accounts ?
or we can just prepare and attach the Annual Accounts of the unit with the Trust's Annual Accounts ?
Please reply
If it is a unit of the trust and not a distinct trust, then the accounts need to be consolidated compulsarily. Only attaching the Final Accounts wont suffice.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
