Are we required to consolidate a subsidary which existed only for a part of the year.(e.g. If it came into existence only in the month of Jan 2009,do we need to consolidate for the year March 2009.)
C.Surya Kiran (Student) (39 Points)
21 October 2009Are we required to consolidate a subsidary which existed only for a part of the year.(e.g. If it came into existence only in the month of Jan 2009,do we need to consolidate for the year March 2009.)
Varun Malhotra
(Chartered Accountant)
(207 Points)
Replied 05 November 2009
Yes, you are required to consolidate that subsidiary since the date of its incorporation.
CAclubindia
