Reporting Of Holding and Subsidiary Transactions
Ni Jain (35 Points)
24 June 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 June 2020
Since subsidiary did not take the loan, but only pledged assets, there is no treatment for it. But in the books of group accounts, the full amount of the loan is recognised in the liabilities side of balance sheet.