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(Querist)
14 April 2012 In consolidated balance sheet,unrealised profit on equipment and on upstream stock is to be adjusted from subsidiary company p&l account or holding company's p&l account?
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
14 April 2012 In consolidated balance sheet, there will not be any concept of subsidiary P&L or parent P&L. there will be only one P&L for the group.
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shweta

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shweta (Querist)
14 April 2012 actually what i mean is in the working notes of either p&l of subsidiary or consolidated p&l of holding,how we should categorize it?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
15 April 2012 You have to prepare one and single P & L A/c and B/S. The experts have given you the correct answer I agree with it
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
17 April 2012 In the working notes, eliminate it from the P&L of Subsidiary.

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