15 August 2009
Please note that the holding company constructs a building for the subsidiary Company at cost + 10 % margin. For the Holding company it is a part of the Turnover where as for the subsidiary Company it is a Capital Expenditure.
Kindly advise the treatment on Consolidation of accounts.
16 August 2009
holding company need to reduce its sales and it will be appear as capital expenditure in the books and subsidiary company need to reduce its cost.. profit element
CAclubindia
