Accounts of JV

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Jisha

Jisha (Querist)
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30 March 2009 can u tell me whether a govt.company is required to attach the consolidated accounts of its JV?

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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03 April 2009 Joint venture and subsidiary are two different categories under law.

If the company is having subsidiary then it has to consolidate the accounts.

If the company is having JV then the company has to report the details as per AS27 Financial reporting of inerests in Joint venture.