Date of finalisation of standalone & consolidated bal sheet

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 Dear All

Can date of finalisation of standalone balance sheet and consolidated balance sheet be on different dates?

In anticipation of your response.

thanks

Ankur Garg

Ankur Garg (Expert)
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07 July 2015 I would suggest you to adopt standalone and consolidated balance sheet by way of a single resolution of board of directors.

There is no point adopting the same at different dates through separate board resolution.

Thanks

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2015 But what if one of its associate company could not be able to finalise its balance sheet to be coincided with the balance sheet of the parent?

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