Unit maintained by Trust

Others 577 views 1 replies

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 ?

 

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Replies (1)

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.


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