Consolidated Balance Sheet
This query is : Resolved
24 November 2008
Hi,
When I Completed my BCom ,Than In Holding Companies Chapter I prepared Consolidated Balance Sheet. But Now I M Confused That What Is Difference Between
(1)Consolidated Balance Sheet & Balance
Sheet.
(2)Consolidated Profit & Loss Account
Profit & Loss Account.
(3)Consolidated Cashflow Statement & Cash
Flow Sattement.
Actually I Want to Know Meaning of Consolidated. In Friendly & General Language not in Bookish Language.
When I Completed my BCom ,Than In Holding Companies Chapter I prepared Consolidated Balance Sheet. But Now I M Confused That What Is Difference Between
(1)Consolidated Balance Sheet & Balance
Sheet.
(2)Consolidated Profit & Loss Account
Profit & Loss Account.
(3)Consolidated Cashflow Statement & Cash
Flow Sattement.
Actually I Want to Know Meaning of Consolidated. In Friendly & General Language not in Bookish Language.
24 November 2008
Consolidated means taking all the group companies together ....means one statement from clubbing all the similar statements of sister companies....................one after adding many
24 November 2008
TAKE IT IN LITERAL SENSE CONSOLODATION MEANS AGREGGATING THE ITEMS OF BALANCE SHEET OF TWO COMPANIES IN TO ONE BALANCESHEET, SUBJECT TO CERTAIN ADJUSTMENTS.
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- Gstr 9 2023-24
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
CAclubindia
