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.)
1 Replies
Varun Malhotra
(Chartered Accountant)
(207 Points)
Replied 05 November 2009
Yes, you are required to consolidate that subsidiary since the date of its incorporation.
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