Dear friends, i hv to consolidate the financial statements of subsidiary with holding co. For this purpose whether DTL will be the part of net worth of subsidiary company or it will be treated as outside liabilities? Thanks in advance.
2 Replies
CA Siddhartha Bhardwaj
(Proprietor at Siddhartha Bhardwaj & Associates Chartered Accountants)
(33456 Points)
Replied 19 September 2011
DTL will be treated as outside liability and will simply be aggregated while preparing consolidated financial statements
ashish gupta
( student)
(1922 Points)
Replied 19 September 2011
I agree with Siddhartha. DTL should not form part of Net Worth
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