Dear Friends,
Consolidation of accounts rule is applicable for Accounts as on 31/03/2014 or 31/03/2015?
I mean, if a Company has associate Company as on 31/03/2014, does it need to prepare consolidated accounts.
Regards,
Kavitha.
Kavitha (-) (210 Points)
07 April 2014Dear Friends,
Consolidation of accounts rule is applicable for Accounts as on 31/03/2014 or 31/03/2015?
I mean, if a Company has associate Company as on 31/03/2014, does it need to prepare consolidated accounts.
Regards,
Kavitha.
Alpa
(Employee)
(25 Points)
Replied 09 April 2014
If you are asking from Companies Act 2013 perspective, as per the latest circular 8_2014, the same is applicable from 2014-15.
Regards,
Alpa
NAGENDER VARIKELA
(Student)
(29 Points)
Replied 12 January 2015
Hi,
As per Company act 2013, Its required to prepare consolidated financial statement, regarding this i have few doubts:
1. Is it required to consolidate partnership firm accounts also where holding company having more than 50% share?
2.Is there any standard format to prepare consolidation statement?
Pls suggest me.
Regards
Nagender
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