Accountiong on consolidation AS

Discussion in 'Cost Accounts' started by ayushi, Mar 5, 2014.

  1. ayushi

    ayushi Member

    Can any body throw light on the following. Whether subsidiary or majority board controlled company's accounts are to be consolidated with the holding co's accounts from the date of parent subsidiary relationship exists or from the statrting period of accouting period of subsidiary company irrespective of the date of becoming subsidiary co. If it is to be consolidated from the date of subsidiary relationship starts, how to consolidate. 1. The relevant sales and cost of sales and other exps -- how to conoslidate. 2. Balance sheet is with reference to closing date say March.31 in which case it may include items prior to subsidiary relations comes> What will be the accounting traetment for sales and exps prior to the period parent - subsidiary relationship. Could some one clarify?

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