what is the difference between abridge and consolidated financial statement?
Difference between abridge and consolidated fin statement
Ashish periwal (na) (49 Points)
06 August 2012
1 Replies
CA Gowri Pramod Kanamarlapudi
(CA in practice)
(341 Points)
Replied 22 December 2013
An abridged balance sheet is a brief balance sheet i.e it is not in detailed manner.
Consolidated balance sheet will come into existense only when the company has subsidaries (either operating in the same business or some other business)
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