Consolidation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2010
Whether a partnership firm in which a company holds more than 50% share can be treated as subsidiary for consolidation?
29 November 2010
No. Only applicable to companies.
29 November 2010
Yes, any entity in which a company holds substantial control(> 50%)shall be consolidated, further AS 21 uses the term 'enterprise' not company so Partnership firm will be treated as subsidiary for consolidation.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2010
Thanx...
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