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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Unit maintained by Trust
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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