Consolidated Financial statements
This query is : Resolved
CA Ysil Karunai
(Querist)
23 November 2009
Dear Sir,
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?
If subsidiary company already having Goodwill in the balance sheet and while preparing CFS for holding company the capital reserve arise.
Query:
1. Whether Capital Reserve can be set off against goodwill in subsidiary while preparing CFS?
2. if yes, whether it doesn't amount to impairement of Goodwill?
Madhusudan Bohra
(Expert)
23 November 2009
Can u pl. explain how capital reserve arose for Holding company? Is it from a totally separate transaction?
CA Ravi Sisodia
(Expert)
23 November 2009
yes, Capital Reserve can be set off against goodwill. i do'nt able to understand about your second Query,please Explain.
CA Ysil Karunai
(Querist)
24 November 2009
If capital reserve set off against goodwill of subsidiary comapany, whether amounts to Impairement of goodwill or not?
CA Ravi Sisodia
(Expert)
24 November 2009
no
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
