Reporting Of Holding and Subsidiary Transactions

73 views 1 replies
How will we show loan taken by a holding company for which its subsidiary has given security in both (holding and subsidiaries)books of accounts????
Replies (1)

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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register